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

Richard Andersson - Mon, 18 Nov 2024 - 12:01

Electricity prices

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Electricity Prices in Sweden on November 18, 2024

Today's electricity prices in Sweden vary significantly depending on the time of day. The lowest prices were recorded during the early hours of the night, while prices rose significantly during the morning and evening rush hours. Here is an overview of today's electricity prices:

Cheapest and Most Expensive Hours Today

During the cheapest hour today, between 01:00 and 01:59, electricity cost only 14 öre per kWh. This is a perfect time to do the dishes, take a shower, bathe, or charge your electric car at a low cost. On the other hand, electricity prices peaked between 18:00 and 18:59, reaching 115 öre per kWh.

Practical Tips for Energy Usage

With the low electricity price between 01:00 and 01:59, you can do the dishes for 20 öre, take a shower for 54 öre, or charge your electric car for 8 kronor. It's also an excellent time to play computer games for only 6 öre.

Electricity Prices Tomorrow on November 19, 2024

Tomorrow, electricity prices are expected to rise further. The cheapest hour will be between 22:00 and 22:59, with a price of 71 öre per kWh. The most expensive hour will occur between 09:00 and 09:59, with a price reaching 187 öre per kWh.

Plan Your Energy Usage

To optimize your electricity expenses, plan to use the most energy during the cheaper hours. For example, charge your electric car late at night or during the night to keep costs down.

Electricity Prices in a Broader Perspective

Interestingly, if we had the lowest electricity price throughout the year, it would have cost only 2447 kronor to heat a medium-sized house of 160 sqm. This is compared to the cost during the most expensive hour today, which would have resulted in an annual cost of 33733 kronor.

Curious Facts About Electricity Prices

Electricity prices are influenced by many factors, including weather conditions, supply and demand, and international energy markets. An interesting observation is how these factors can lead to significant variations in electricity prices throughout the day.

In conclusion, today's and tomorrow's electricity prices offer both challenges and opportunities for Swedish households. By adjusting energy usage to the cheapest hours, one can potentially save significant amounts on the electricity bill.

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Sweden's CPIF inflation

1,50 % +0.4%

Sweden's policy rate

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Electricity prices Monday, 18 Nov 2024