Electricity prices Thursday, 14 Nov 2024

Electricity Prices on November 14, 2024

Today, on November 14, 2024, we see a varied price range on the electricity market in Sweden. The early hours of the day are characterized by relatively low prices, starting at 16 öre per kWh at midnight and decreasing to 13 öre per kWh at 02:00. Prices then gradually rise during the morning and peak at 36 öre per kWh at 08:00.

Price Peaks and Valleys Throughout the Day

After the morning peaks, prices drop slightly but remain above 30 öre per kWh until the afternoon. The cheapest hour today occurs from 03:00-03:59 with a price of 13 öre per kWh. During this hour, it costs only a few öre to shower, bathe, wash dishes, or play games. The most expensive hour is between 08:00-08:59 with a price of 36 öre per kWh, meaning it costs around 213 öre to bathe and 2131 öre to charge an electric car.

Electricity Prices on November 15, 2024

Tomorrow, on November 15, 2024, a more positive price development is expected. During the night, electricity prices plummet and reach negative levels between 21:00 and 23:59. During this period, it is actually profitable to use electricity, as you get paid for consumption. This is an excellent opportunity for all electric vehicle owners to charge their cars or for households to run energy-intensive appliances.

Free Electricity and Profitability

From 21:00 to 23:59, electricity is not only free; you get paid to use it. If you plan to bathe, shower, charge your car, or play games, this is the perfect time to do so. For someone charging their electric car with 60 kWh during this period, it represents a savings of over 130 öre compared to the most expensive hour today.

Tips for Households and Electric Vehicle Owners

To take advantage of the low prices, it is recommended to plan energy-intensive activities during the cheaper hours of the night and morning. For those looking to save money, it is wise to avoid the most expensive hours between 07:00 and 09:00 and between 16:00 and 18:00 today. For tomorrow, the best time to use electricity is between 21:00 and 23:59.

Trivia about Electricity Prices

Did you know that if we had the lowest electricity price all year round, it would have cost -391 kronor to heat a medium-sized house of 160 sqm? This is compared to today's most expensive price which would have cost 6393 kronor for the same energy consumption. It shows the significant impact electricity prices can have on household finances over time.

Summary

In conclusion, today's electricity prices offer an opportunity for smart energy consumption planning. With a range from 13 öre to 36 öre per kWh, and tomorrow's negative prices, households can make significant savings by utilizing the cheapest hours. Make sure to adjust your energy usage to maximize these benefits.