Today's and Tomorrow's Electricity Prices: Free Energy and Price Increases

Richard Andersson - Sun, 27 Oct 2024 - 12:02

Electricity prices

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Today's Electricity Prices: Energy Costs Dive Below Zero

Electricity prices in Sweden today, on October 27, 2024, offer an unusual and advantageous situation for consumers. For several hours, electricity prices have dropped to negative levels, which means that you actually get paid to use electricity. The most favorable period is between 05:00 and 07:59, where prices drop as low as -1.87 öre per kWh.

Free Energy for Household Activities

Between 05:00 and 07:59 today is an excellent time to use electricity for various household activities. It costs nothing to shower, bathe, charge the car, or play games during these hours. In fact, you earn money by using electricity during this period, which can be an excellent opportunity to charge your electric car or take a long bath.

Curiosity: Negative Electricity Bill for the Year

If we had today's lowest electricity prices throughout the year, it would cost -619 kronor to heat a medium-sized house of 160 square meters. This is based on an annual energy consumption of 18,000 kWh. An interesting thought for future energy consumers.

Tomorrow's Electricity Prices: A Significant Increase Awaits

Tomorrow, on October 28, 2024, a drastic change in electricity prices is expected. After today's negative prices, costs rise significantly, especially during the afternoon and evening. The most expensive hour occurs between 23:00 and 23:59, when the electricity price reaches 37 öre per kWh.

Optimal Time for Energy-Intensive Activities

For those looking to save on their electricity bill tomorrow, it is best to carry out energy-intensive activities early in the morning, especially between 00:00 and 06:59 when prices are still negative or very low.

Tips for Energy Saving

To minimize costs, it is recommended to charge your electric car and use the dishwasher during the early morning hours. Avoid using a lot of electricity during the afternoon and evening, especially between 16:00 and 23:59, when prices are at their highest.

The Role of Electricity Companies in Price Variations

Electricity prices are influenced by several factors, including weather, demand, and supply. Electricity companies play a crucial role in balancing these factors to ensure a stable and fair pricing for consumers. With today's and tomorrow's price variations, it is clear how dynamic the electricity market can be.

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Sweden's CPIF inflation

1,10 % -0.1%

Sweden's policy rate

3.25 % -0.25%

Sweden's national debt

1 051 294 825 312KR

Electricity prices Sunday, 27 Oct 2024