Free Electricity During the Night and Rising Prices Tomorrow

Richard Andersson - Mon, 25 Nov 2024 - 12:02

Electricity prices

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Electricity Prices in Sweden: Free Energy During the Night

Today, on November 25, 2024, Swedish electricity customers can enjoy free energy during the night. Between midnight and 4:59 AM, electricity prices are negative, which means that it is actually profitable to use electricity during these hours. For example, during the cheapest hour, it costs nothing to take a bath, shower, charge your electric car, or play games on the computer.

Detailed Electricity Prices Today

During the early morning hours, until 5:00 AM, electricity prices are negative, which means that you actually get paid to use electricity. From 5:00 AM, prices start to rise, reaching their peak between 8:00 AM and 7:00 PM, with the highest price at 17 öre per kWh. After 8:00 PM, prices drop again, making it more economical to use electricity in the evening.

Economic Tips for Energy Usage Today

To maximize savings, it is recommended to charge your electric car, do the dishes, and run the washing machine during the early morning hours. A shower costs -5 öre during the cheapest hour, while a bath costs -8 öre. Charging your electric car costs -87 öre, which is a fantastic opportunity for electric car owners to save money.

Electricity Prices Tomorrow: A Rising Trend

Tomorrow, on November 26, 2024, we see a significant increase in electricity prices. After a night of low prices, prices start to rise sharply from 6:00 AM and peak at 51 öre per kWh at 6:00 PM. This means it is important to plan energy usage to minimize costs.

Plan Your Energy Usage

To save money tomorrow, consider using electricity during the early morning hours or late evenings. Between 12:00 AM and 5:00 AM, prices are low, making it a good time to charge your electric car or run energy-intensive appliances.

Facts: Electricity Prices and Costs

It is interesting to note that if we had the lowest electricity price throughout the year, it would have cost -263 SEK to heat a medium-sized house of 160 sqm. With the highest electricity price, the same heating would cost 9186 SEK. This highlights the importance of planning energy usage to take advantage of lower prices.

The Role of Electricity Companies

Electricity companies in Sweden play a crucial role in balancing the demand and supply of electricity. During periods of overproduction, such as during the night, prices can become negative. This is a result of an efficient energy market where electricity companies work to optimize usage and minimize costs for consumers.

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Sweden's CPIF inflation

1,80 % +0.3%

Sweden's policy rate

2.5 % -0.25%

Sweden's national debt

1 066 069 125 998KR

Electricity prices Monday, 25 Nov 2024