Electricity prices Saturday, 19 Oct 2024

Electricity Prices Today: October 19, 2024

Today, on October 19, 2024, electricity prices have varied significantly throughout the day. The cheapest hour occurred between 04:00 and 04:59, when the electricity price was completely free. This is an excellent time to charge your electric car, do the dishes, take a bath, or play games at no cost. During the most expensive hour of the day, between 17:00 and 17:59, the price rose to 12 cents, which is still relatively low compared to previous price levels.

Free Energy during the Morning Hours

During the cheapest hour, between 04:00 and 04:59, the electricity price was zero cents. This means that activities such as showering, bathing, using the dishwasher, or charging the electric car could be done at no cost. For those who charged their electric car during this time, 1.37 kronor per 60 kWh was saved.

Costs during the Most Expensive Hour of the Day

During the most expensive hour, between 17:00 and 17:59, it cost 69 cents to take a bath and 17 cents to wash dishes with the dishwasher. Charging the electric car during this time cost 6.95 kronor for 60 kWh, which is still a reasonable cost compared to previous peaks.

Electricity Prices Tomorrow: October 20, 2024

Tomorrow, on October 20, 2024, electricity prices are expected to be even more favorable. Between 12:00 and 12:59 and 15:00 and 15:59, the electricity price will be negative, meaning you will get paid to use electricity. This is an excellent time to maximize energy consumption.

Negative Electricity Prices during the Day

Tomorrow, it will be particularly advantageous to use electricity between 13:00 and 14:59 when the electricity prices are negative, -1.12 cents and -2.30 cents respectively. This means that you actually earn money by using electricity during these hours.

Favorable Time for Energy-Intensive Activities

For those planning to charge their electric car, it is especially profitable to do so during the negative price periods. Additionally, it is a good time to wash dishes, take a bath, or use other energy-intensive appliances.

Curious Facts about Electricity Prices and Energy Consumption

Interestingly, if we had the lowest electricity price throughout the year, it would have cost -413 kronor to heat a medium-sized house of 160 sqm, based on an annual consumption of 18,000 kWh. This demonstrates the significant savings potential that exists with smart energy usage.

The Role of Electricity Companies in Price Fluctuations

Electricity prices are influenced by a variety of factors, including weather conditions, demand, and production capacity. Electricity companies play a crucial role in managing these fluctuations and ensuring that consumers receive the most cost-effective energy.

Tips for Saving on the Electricity Bill

To take advantage of the varying electricity prices, it is recommended to adjust your energy consumption to the cheapest hours of the day. This may involve charging your electric car, doing the dishes, or laundry during times of low or negative electricity prices.