Electricity prices Wednesday, 23 Oct 2024

Electricity Prices in Sweden: Today's and Tomorrow's Forecast

Today, on October 23, 2024, presents an unusual situation in the electricity market with negative electricity prices during several hours in the night and morning. This means that consumers actually get paid to use electricity during these hours. This unique situation creates interesting opportunities for households and businesses to optimize their electricity consumption.

Free Electricity and Negative Prices

During the night, between 00:00 and 05:59, the electricity price is sometimes negative, which means it is free to use electricity or even that you get paid for it. For example, between 02:00 and 03:59, you can charge your electric car and actually get paid for it. It is also an excellent time to take a shower, bath, or run the dishwasher without any cost.

Optimal Time for Household Activities

For those who want to optimize their energy usage, the early morning hours today are perfect. A shower costs -4 cents, a bath -6 cents, and charging an electric car costs -68 cents. It is also free to play games on the computer during this period.

Electricity Prices During the Day

After the early morning hours, electricity prices start to rise. Between 07:00 and 10:00, prices range between 4 and 2 cents. Prices drop slightly again during late afternoon and evening, with a few more negative prices.

Highest Price During the Day

The most expensive hour today occurs between 08:00 and 09:59, where taking a bath costs 285 cents and charging an electric car costs 2854 cents. It is also the most expensive time to use the dishwasher or play games on the computer.

Tomorrow's Electricity Prices

Tomorrow, on October 24, 2024, electricity prices are expected to be significantly higher than today. During the early morning hours, electricity prices are still low, with negative prices between 00:00 and 03:59. But from 06:00 onwards, prices rise significantly.

Expected Prices During the Day

From 06:00 to 19:00, electricity prices range between 10 and 47 cents. The highest hour, between 18:00 and 18:59, reaches 47 cents. This is a significant increase compared to today's prices.

Optimal Electricity Usage

To minimize costs tomorrow, one should plan electricity-intensive activities during the early morning hours when prices are at their lowest. After 06:00, prices rise rapidly, making it more expensive to use electricity.

Interesting Facts about Electricity Prices

If we had the lowest electricity price throughout the year, it would have cost -205 SEK to heat a normal-sized house of 160 sqm. With the highest electricity price, the same heating would have cost 8562 SEK. This shows how much of a difference electricity prices can make for household expenses.

In summary, today's electricity prices offer a unique opportunity for consumers to take advantage of the low and negative prices. Tomorrow brings higher prices, making it important to plan your electricity consumption carefully.