Electricity prices Sunday, 20 Oct 2024

Electricity Prices in Sweden Today: A Mix of Free and Negative Costs

October 20, 2024, offers an interesting day for electricity prices in Sweden. During certain hours, consumers can actually get paid to use electricity. Prices vary significantly throughout the day, with the lowest price at -2.2996 öre at 2:00 PM-2:59 PM. This means that it is free to take a bath, shower, charge the car, or play games during this hour. This can be an excellent opportunity for households to engage in electricity-intensive activities at no cost.

Details on Today's Electricity Prices

For those planning to shower, bathe, or charge their electric car, it is especially advantageous to do so during the cheapest hour of the day. Charging the electric car during this time costs -205 öre, meaning you get paid to fill the battery. On the opposite end of the spectrum, during the most expensive hour at 6:00 PM-6:59 PM, it costs 216 öre to charge the same car. This is a clear indication of how variable electricity prices can be.

Smart Energy Tips for the Day

To maximize savings, consider using the dishwasher during the cheaper hours. Washing dishes costs -5 öre during the cheapest hour, while it costs 5 öre during the most expensive hour. For those playing games on the computer, the difference is minimal, but it is still worth noting that it costs -1 öre during the cheapest hour and 1 öre during the most expensive.

Electricity Prices Tomorrow: A Continued Trend of Negative Prices

Tomorrow, October 21, 2024, continues the trend of negative electricity prices. From midnight to 5:59 AM, prices are negative, making it advantageous to engage in electricity-intensive activities during these hours. The lowest cost for electricity tomorrow is -3.4323 öre at 3:00 AM-3:59 AM.

Plan for Tomorrow's Electricity Consumption

For those planning to charge the electric car or run the dishwasher, it is wise to do so during the early morning hours when prices are at their lowest. This can result in significant savings over time, especially for households with high electricity consumption.

Interesting Facts about Electricity Prices and Utility Companies

Did you know that if we had the lowest electricity price throughout the year, it would have cost -617 SEK to heat a medium-sized house of 160 sqm? This is compared to 648 SEK during the most expensive hours. Utility companies constantly work to balance production and demand to offer competitive prices, and today's and tomorrow's prices demonstrate how dynamic these markets can be.

Conclusion

This unusual situation of negative electricity prices offers a unique opportunity for consumers to save money and even earn from their electricity consumption. It is important to keep track of these fluctuations to optimize energy usage and take advantage of the best possible prices.