Electricity prices Friday, 15 Nov 2024

Electricity Prices in Sweden Today and Tomorrow

Today, on November 15, 2024, we see a significant variation in electricity prices throughout the day. The early morning hours offer the most favorable prices, while prices peak during the morning. However, tomorrow promises an interesting development with negative prices for several hours.

Today's Electricity Prices

Today's electricity prices started low during the night and early morning, with a price of 7 öre per kWh between 03:00 and 04:59. The price then rose significantly, reaching its peak at 28 öre per kWh between 09:00 and 09:59. During the afternoon, prices dropped again, ending the day with negative prices from 21:00 to 23:59. The cheapest hour today is between 23:00 and 23:59, with a price of -2 öre per kWh.

Activities during Today's Cheapest Hour

It is free to take a bath, shower, charge your car, or play games during today's cheapest hour. For those looking to save money, this is an excellent opportunity to take a long shower, charge the electric car, or run the dishwasher.

Tomorrow's Electricity Prices

Tomorrow, on November 16, 2024, the day starts with even more generous prices. During the night and morning, between 00:00 and 08:59, prices are negative, which means that you essentially get paid to use electricity. Prices start to rise slightly after 09:00 but remain low until the afternoon. The most expensive hour tomorrow is between 17:00 and 17:59 with a price of 12 öre per kWh.

Activities during Tomorrow's Cheapest Hours

During the early hours tomorrow, you can enjoy bathing, showering, charging your car, or playing games at no cost and even receive a small compensation. This is a perfect opportunity for households to plan energy-intensive activities during these hours.

Interesting Facts about Electricity Prices

If we had the lowest electricity price all year round, it would cost -391 SEK to heat a medium-sized house of 160 sqm, illustrating the potential savings of using electricity during the cheapest hours. On the other hand, it would cost 5099 SEK to heat the same house during the most expensive hours.

Tips for Energy Usage

To maximize savings, it is wise to plan energy-intensive activities such as laundry, dishes, and electric car charging during the hours when electricity prices are at their lowest. This can lead to significant savings on the electricity bill.

The Role of Electricity Companies

Electricity companies play a crucial role in balancing the power grid and managing demand. By offering dynamic pricing, they can encourage consumers to use electricity when there is a surplus, which in turn can help stabilize the power grid and reduce costs.

In conclusion, both today and tomorrow offer opportunities for savings for those who are flexible with their energy usage. Keeping an eye on electricity prices can provide significant benefits for both the wallet and the environment.