Electricity Prices in Sweden: Free Electricity Tomorrow!

Richard Andersson - Sat, 26 Oct 2024 - 11:01

Electricity prices

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Electricity Prices in Sweden Today and Tomorrow

Today, on October 26, 2024, electricity prices vary significantly throughout the day in Sweden. The early morning hours offer the lowest prices, while prices rise significantly during the day. Tomorrow, on October 27, 2024, we see an interesting development where electricity prices are actually negative for several hours, meaning consumers get paid to use electricity.

Today's Electricity Prices

During the early morning hours today, from 00:00 to 05:00, the electricity price ranges between 3 and 8 öre per kWh. Prices start to rise from 06:00 and reach a peak of 86 öre per kWh between 18:00 and 18:59. This means that during the most expensive hours, it costs a total of 5176 öre to charge an electric car requiring 60 kWh of energy.

Activities and Costs Today

For those planning to take a bath during the most expensive hour, from 18:00-18:59, it costs 517 öre, while a shower during the same hour costs 344 öre. Using the dishwasher costs 129 öre during the most expensive hour. However, during the cheapest hour, from 23:00-23:59, it costs nothing to play games on a computer consuming 0.5 kWh.

Tomorrow's Electricity Prices

Tomorrow, on October 27, 2024, electricity prices are remarkably low for many hours of the day. Between 02:00 and 09:00, prices are negative, meaning consumers get paid to use electricity. This is an excellent opportunity to charge the electric car, do the dishes, or take a long bath at no cost.

Activities and Costs Tomorrow

During the hours of negative pricing tomorrow, it costs nothing to shower, bathe, charge the car, or play games. This is a unique opportunity for consumers to take advantage of the surplus energy available. It is also a reminder of how renewable energy sources can positively impact electricity prices for consumers.

Interesting Facts About Electricity Prices

If we had the lowest electricity price throughout the year, it would have cost -336 SEK to heat a medium-sized house of 160 sqm. This shows how significant the differences can be depending on the time and electricity price.

The Role of Electricity Companies

Electricity companies play a crucial role in managing these variations in electricity prices. By investing in renewable energy sources and smart grid solutions, they can help keep prices low and stable over time. This is an important part of the ongoing energy transition in Sweden.

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Sweden's CPIF inflation

1,80 % +0.3%

Sweden's policy rate

2.5 % -0.25%

Sweden's national debt

1 065 517 737 058KR

Electricity prices Saturday, 26 Oct 2024