Electricity prices Friday, 1 Nov 2024

Today's and Tomorrow's Electricity Prices in Sweden

November 1, 2024, offers an interesting range of electricity prices in Sweden. During the early morning hours, especially between 02:00 and 06:00, one can enjoy very low prices, with a minimum of 1.16 öre per kWh. It's a perfect time for night owls to charge their electric cars or run an extra load in the dishwasher.

Price Variations Throughout the Day

Throughout the day, electricity prices gradually increase, peaking at 7.42 öre per kWh between 19:00 and 20:00. For those looking to save money, it's wise to avoid energy-intensive activities during this period. Instead, one can plan these activities during the cheaper hours early in the morning or late at night.

Activities and Energy Costs

For those wondering about the most economical times to perform various household chores, it's worth noting that taking a shower during the cheapest hour today costs -3 öre, while a bath costs -5 öre. Charging an electric car costs only -54 öre. During the most expensive hour, however, taking a bath costs 166 öre and charging the electric car costs 1664 öre.

Electricity Prices Tomorrow: A Unique Opportunity

Tomorrow, November 2, 2024, presents a unique opportunity with negative electricity prices during the early morning hours. Between 00:00 and 07:00, one can actually get paid to use electricity, with the lowest price at -0.91 öre per kWh between 04:00 and 05:00. It's an ideal time to charge the electric car or run energy-intensive appliances.

Price Surges in the Afternoon

After a morning of low prices, a significant increase comes in the afternoon, with prices reaching up to 20.72 öre per kWh between 17:00 and 18:00. To avoid high costs, it's best to minimize electricity consumption during these hours.

Curious Facts About Electricity Prices and Energy Costs

Did you know that if we had the lowest electricity price all year round, it would have cost -163 SEK to heat a typical 160 sqm house? This illustrates the significant differences in electricity prices depending on the time of day and season.

Tips for Saving on Your Electricity Bill

To optimize your electricity bill, consider planning energy-intensive activities during the hours when electricity prices are lowest. Charging your car, doing dishes, and laundry during nighttime can lead to significant savings. Additionally, you can take advantage of the negative electricity prices tomorrow to truly maximize your savings.

In summary, the upcoming days offer an exciting opportunity for electricity consumers to benefit from low and even negative electricity prices. By being aware of when prices are at their lowest, you can optimize your electricity consumption and reduce your costs.