Electricity prices Thursday, 31 Oct 2024

Electricity Prices in Sweden on October 31, 2024

Electricity prices today vary significantly depending on the time of day. During the cheapest hour, between 01:00 and 01:59, the price is only 1 öre per kWh. This means it is practically free to play games on the computer or run a dishwasher during this hour. For those looking to charge their electric car, it costs only 37 öre, which is a significant saving compared to the more expensive hours.

Expensive Hours to Watch Out For

The most expensive hour today is between 08:00 and 08:59 when the electricity price reaches 42 öre per kWh. During this hour, it would cost a total of 25 kronor to charge an electric car. Taking a bath would cost 2 kronor and 52 öre, while a simple dishwasher cycle would cost 63 öre.

Tomorrow's Electricity Prices on November 1, 2024

Tomorrow, electricity prices seem to be more stable. The cheapest hour is between 13:00 and 13:59 with a price of 0.63 öre per kWh. During this hour, it is practically free to use the dishwasher or play games on the computer.

Price Comparison between Today and Tomorrow

It is interesting to compare today's and tomorrow's prices. While today's highest electricity price is 42 öre per kWh, tomorrow's highest price seems to be considerably lower. The most expensive hour tomorrow is between 19:00 and 19:59 with a price of 7 öre per kWh, which is a significant decrease from today's peak.

Tips for Saving on the Electricity Bill

To save money on the electricity bill, it can be wise to plan electricity-intensive activities such as charging the electric car, taking a bath, or running the dishwasher during the cheapest hours. Today, it is most advantageous to do this between 01:00 and 01:59. Tomorrow, it is most advantageous between 13:00 and 13:59.

Interesting Facts about Electricity Prices

If we had the lowest electricity price throughout the year, the cost of heating a medium-sized house of 160 sqm would have been only 113 kronor. This is based on an annual consumption of 18,000 kWh. In contrast, with today's highest electricity price, the same heating would cost 7,564 kronor.

The Role of Electricity Companies in Price Development

Electricity prices are influenced by a variety of factors, including weather conditions, supply and demand, and the pricing strategies of electricity companies. Many electricity companies now offer dynamic pricing models where prices vary hour by hour. This allows consumers to adjust their electricity consumption to the cheapest hours and thus save money.

Conclusion

In conclusion, today's and tomorrow's electricity prices offer great opportunities for those who want to plan their electricity consumption wisely. By keeping track of the cheapest hours, households can make significant savings on their electricity bill.