Today's and Tomorrow's Electricity Prices: Saving Opportunities

Richard Andersson - Tue, 19 Nov 2024 - 12:01

Electricity prices

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Today's Electricity Prices: Expensive Morning but Cheaper Evening

Today, on November 19, 2024, electricity prices have varied significantly throughout the day. Starting at 1.03 Swedish Krona per kWh just after midnight, prices peaked at 1.87 Swedish Krona per kWh around nine in the morning. Prices then gradually decreased, ending the day with a substantial drop to 0.52 Swedish Krona per kWh at midnight.

Optimal Time for Energy Consumption

For those looking to save on their electricity bill, it is most advantageous to use electricity during the late evening hours. Taking a shower costs only 89 öre, while a bath increases the cost to 1.33 Swedish Krona. Opting to run the dishwasher during the cheapest hour results in a cost of only 33 öre. Charging an electric car costs 13.38 Swedish Krona, and playing computer games costs only 11 öre.

Electricity Prices Tomorrow: A Much Calmer Day

Tomorrow, on November 20, 2024, we see a much more stable price trend. Prices start at 0.56 Swedish Krona per kWh and drop to just 0.22 Swedish Krona per kWh at midnight. The cheapest time to use electricity is between 10:00 PM and 11:59 PM when costs are at their lowest.

Facts and Trivia about Electricity Prices

If we had today's lowest electricity price throughout the year, it would cost 4,014 Swedish Krona to heat a medium-sized house of 160 square meters. With today's highest electricity price, the same cost would rise to 33,698 Swedish Krona. These figures illustrate how much electricity prices can impact households' annual energy costs.

Tips for Energy Saving

To maximize savings, it can be a good idea to plan energy-intensive activities such as charging electric cars, showering, and dishwashing during the hours when electricity prices are at their lowest. This can lead to significant savings, especially during periods of large price variations.

The Role of Energy Companies and Price Development

Energy companies play a crucial role in price development, where factors such as weather conditions, demand, and the availability of renewable energy influence electricity prices. During the winter months, prices can vary significantly depending on temperature and energy consumption, making it important for consumers to stay informed about daily electricity prices.

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Sweden's CPIF inflation

1,80 % +0.3%

Sweden's policy rate

2.5 % -0.25%

Sweden's national debt

1 065 517 771 091KR

Electricity prices Tuesday, 19 Nov 2024