Electricity Prices in Sweden: Today's and Tomorrow's Forecast

Richard Andersson - Tue, 5 Nov 2024 - 12:01

Electricity prices

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Electricity Prices in Sweden: Today and Tomorrow

Today, on November 5, 2024, we see a variation in electricity prices throughout the day. Prices start at 30 öre per kWh at midnight and drop to the lowest price of the day at 5 öre per kWh at 04:00. Thereafter, prices gradually increase, reaching a peak of 165 öre per kWh at 18:00. Tomorrow, on November 6, 2024, prices are expected to start slightly lower at 18 öre per kWh at midnight and reach a peak of 209 öre per kWh at 18:00.

Optimal Times for Energy Use

For those looking to save money on energy consumption, it is most advantageous today to use electricity between 04:00 and 05:00 when prices are at their lowest. During this hour, it costs only 21 öre to take a shower, 31 öre to bathe, and 7 öre to use the dishwasher. Charging an electric car costs 315 öre, and playing games on the computer costs only 2 öre.

High-Cost Times to Avoid

The most expensive hour of the day occurs between 18:00 and 19:00. During this period, it costs 12 kronor to charge an electric car, 1254 öre to bathe, 313 öre to wash dishes, and 104 öre to play games on the computer. Avoiding these times can lead to significant savings on the electricity bill.

Tomorrow: Expected Price Peaks

Tomorrow, the highest price is expected to occur between 18:00 and 19:00, with a cost of 209 öre per kWh. It is a good idea to plan energy-intensive activities outside of this period to avoid high costs.

Annual Impact of Electricity Prices

If we had today's lowest electricity price throughout the year, the heating cost for a medium-sized house of 160 sqm would be only 946 kronor. However, with today's highest price, the same heating would cost 37,645 kronor. This illustrates the importance of monitoring electricity prices to optimize energy costs.

Interesting Facts about Electricity Prices

Electricity prices vary significantly depending on the time of day and season. They are influenced by factors such as weather, demand, and the availability of renewable energy. Being aware of these variations can help consumers save significant amounts on their electricity bills.

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Sweden's CPIF inflation

1,10 % -0.1%

Sweden's policy rate

3.25 % -0.25%

Sweden's national debt

1 053 500 409 432KR

Electricity prices Tuesday, 5 Nov 2024