Today's Electricity Prices: Get Paid to Use Electricity

Richard Andersson - Mon, 28 Oct 2024 - 12:01

Electricity prices

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Electricity Prices in Sweden: A Unique Opportunity to Save Money

Today, on October 28, 2024, offers an unusual situation for Sweden's electricity consumers. During the night and early morning hours, electricity prices are not only low but negative. This means that you actually get paid to use electricity between 00:00 and 06:00. A perfect opportunity to do the dishes, shower, bathe, or charge your electric car completely for free!

Detailed Electricity Prices for Today

During the early morning hours, from 00:00 to 06:00, electricity prices range from -2.29 to -3.44 öre per kWh. This means that if you take a shower, bathe, do the dishes, or charge your car during these hours, you get paid to do so. For example, charging an electric car with 60 kWh of energy costs -2.06 kronor during the cheapest hour. However, prices rise in the afternoon and reach their highest value at 37 öre per kWh between 23:00 and 23:59.

Electricity Prices Tomorrow: October 29, 2024

Tomorrow we see a significant price increase compared to today. Electricity prices start at 26 öre per kWh at midnight and rise to 92 öre per kWh between 08:00 and 09:00. It is a good idea to plan your electricity consumption during the cheaper hours, which are from 00:00 to 06:00, when prices range between 26 and 40 öre per kWh.

Energy Tips for Smart Electricity Consumption

To maximize savings, it is recommended to use energy-intensive appliances during the cheapest hours. Charge your electric car, run the dishwasher, or take a long bath during the night when electricity prices are negative. This can lead to significant savings, especially if you have an electric car or use a lot of hot water.

Curious Facts about Electricity Prices and Energy Consumption

If we had today's lowest electricity prices throughout the year, heating a medium-sized house of 160 sqm would have resulted in an income of 619 kronor instead of a cost. This is based on an annual energy consumption of 18,000 kWh. On the other hand, with today's highest electricity prices, the same heating would cost 16,577 kronor.

This unique electricity price phenomenon is a result of several factors, including high production of renewable energy and low demand. It is an excellent opportunity for consumers to take advantage of these conditions and save money on their electricity bills.

Conclusion

Today's electricity prices offer a unique opportunity for Swedish households to save money. By adjusting your electricity consumption to the cheapest hours, you can not only reduce your electricity costs but also contribute to a more sustainable energy usage. It's a win-win for both your wallet and the environment.

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Sweden's CPIF inflation

1,10 % -0.1%

Sweden's policy rate

3.25 % -0.25%

Sweden's national debt

1 052 019 844 039KR

Electricity prices Monday, 28 Oct 2024