Electricity prices Tuesday, 26 Nov 2024

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Richard Andersson

Richard Andersson - Tue, 26 Nov 2024 - 12:01

Electricity prices
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Electricity Prices in Sweden: Free Electricity and Price Spikes

Today, on November 26, 2024, electricity prices in Sweden have reached unusual levels. During certain hours, consumers are actually paid to use electricity, while prices skyrocket during other hours. This creates unique opportunities for households to optimize their electricity consumption.

Free Electricity During the Night

In the early morning hours, between 01:00 and 04:59, the electricity price is negative. This means that it is free to charge your car, take a shower, bath, or play games during these hours. In fact, taking a bath, which would normally cost money, now actually results in a small saving of -1 cent. Charging an electric car with 60 kWh results in a saving of -14 cents.

Most Expensive Hours in the Evening

Today, the electricity prices peak between 18:00 and 19:59, reaching a price of 51 cents per kWh. During these hours, taking a bath costs 816 cents and charging an electric car costs 8161 cents. Running the dishwasher costs 204 cents during these hours.

Electricity Prices Tomorrow

Tomorrow, on November 27, 2024, electricity prices are expected to rise further. Prices will exceed 1 krona per kWh between 07:00 and 13:59. The highest hour, from 18:00 to 18:59, will see prices reach 1 krona and 36 cents per kWh.

What Does This Mean for Consumers?

For consumers, this means that planning energy-intensive activities can lead to significant savings. It is financially wise to perform energy-intensive activities such as charging the electric car or running the dishwasher during the hours when electricity prices are at their lowest.

Curious Facts About Electricity Prices

If we had the lowest electricity price throughout the year, it would have cost -43 kronor to heat a medium-sized house of 160 sqm. However, if we had today's highest electricity price throughout the year, the cost would have been 24485 kronor.

In summary, today's and tomorrow's electricity prices offer both challenges and opportunities for Swedish households. By adjusting their electricity consumption to price fluctuations, one can both save money and contribute to a more balanced electricity consumption.

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1,50 % +0.4%

Sweden's policy rate

2.75 % -0.5%

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1 058 646 267 551KR
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