Electricity prices Saturday, 2 Nov 2024
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- Electricity prices
Electricity Prices Today: Free and Even Paid to Use Energy
Today's electricity prices offer a sensational experience for Swedish households and businesses. Between midnight and 07:00, it is not only free to use electricity – you even get paid to consume energy. During these hours, electricity prices are negative, which means you earn money by using electricity. The cheapest hour, between 04:00 and 05:00, you get paid the most to use electricity, with a price of -0.9025 öre per kWh.
Perfect Time for Energy-Intensive Activities
During the early morning hours, it costs nothing to take a bath, shower, charge your car, or play games. This is a unique opportunity for households with flexible schedules to take advantage of these hours for energy-intensive activities. For example, charging an electric car with 60 kWh of energy costs -54 öre, and a shower using 4 kWh of energy gives you -3 öre in your wallet.
Electricity Prices During the Day and Evening
After 08:00, electricity prices start to rise. Between 08:00 and 15:00, prices range between 2.42 and 9.81 öre per kWh. The most expensive hour occurs between 18:00 and 19:00, when the price reaches 27 öre per kWh. During this hour, charging an electric car costs 1651 öre, while a shower costs 165 öre.
Tomorrow's Electricity Prices: More Stable but Higher
Tomorrow, on November 3, electricity prices are expected to be more stable but slightly higher than today. Prices start at 2.04 öre per kWh at midnight and peak at 19:00 with 9.03 öre per kWh. This means that tomorrow will not offer the extremely low prices we see today, but still reasonable costs compared to historical levels.
Interesting Facts About Electricity Prices and Energy Consumption
An interesting thought is that if today's lowest electricity price had been constant throughout the year, the cost of heating a medium-sized house of 160 sqm would have been -162 kronor. This demonstrates the potential savings that can be achieved by optimizing energy usage during periods of low electricity prices.
On the other hand, if today's highest electricity price had been constant throughout the year, the same heating would have cost 4954 kronor. These comparisons highlight the importance of being aware of electricity price fluctuations and adjusting energy consumption accordingly.
In conclusion, today's electricity price pattern offers a unique opportunity for consumers to save money and even profit from their energy consumption. Being flexible and adapting usage to price variations can lead to significant economic benefits.
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