Low electricity prices today, but sharp increase tomorrow

Richard Andersson - Sun, 3 Nov 2024 - 12:01

Electricity prices

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Today's Electricity Prices: A Calm Start to the Month

November 3, 2024, offers low electricity prices in Sweden, allowing households to enjoy energy-intensive activities at a minimal cost. During the cheapest hour, between midnight and 01:00, the electricity price is only 2 öre per kWh. This means that it costs almost nothing to do the dishes, take a shower, bath, or charge the car during this time.

Optimal Times for Energy-Intensive Activities

For those looking to maximize their savings, it's worth planning energy-intensive activities during the cheapest hours. Taking a shower costs only 8 öre, while a bath is priced at 12 öre during the cheapest hour. Charging the electric car costs 122 öre, which is a fraction of the cost during more expensive hours.

More Expensive Hours in the Evening

Electricity prices rise slightly in the evening, with the most expensive hour between 19:00 and 20:00 when the price reaches 9 öre per kWh. During this time, a bath costs 1020 öre, and charging the car amounts to 102 kronor. It is wise to avoid energy-intensive activities during these hours if possible.

Tomorrow's Electricity Prices: A Sharp Increase

On November 4, 2024, we see a significant rise in electricity prices, especially during the morning hours. From 06:00, prices increase sharply and peak between 18:00 and 19:00 at a whopping 170 öre per kWh. This is a considerable increase compared to today's prices.

Plan for Higher Costs

With the higher electricity prices tomorrow, it is important to plan energy usage carefully. Charging the electric car during the most expensive hour can cost up to 1020 kronor, which is significantly more expensive than today's lowest price. Therefore, it is advantageous to charge the car during the early morning hours when prices are slightly lower.

Interesting Facts about Electricity Prices

If we had today's lowest electricity price throughout the year, it would cost only 366 kronor to heat a medium-sized house of 160 sqm. However, with the highest price, the cost would be a whopping 30,617 kronor. This highlights the importance of keeping an eye on electricity prices and planning energy usage carefully.

Curious Facts about Electricity Companies

Did you know that many electricity companies offer different types of contracts that can help consumers reduce their electricity costs? It may be worth exploring various contracts to see which one best suits your energy needs. Many companies also offer smart solutions to optimize energy usage and reduce costs.

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Sweden's CPIF inflation

1,80 % +0.3%

Sweden's policy rate

2.5 % -0.25%

Sweden's national debt

1 065 977 156 466KR

Electricity prices Sunday, 3 Nov 2024