Electricity prices Thursday, 5 Dec 2024

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

Today, on December 5, 2024, electricity prices in Sweden show a varying trend throughout the day. Prices peak between 08:00 and 08:59 at an average of 81 öre per kWh, while the cheapest hour is between 20:00 and 20:59 with a price of around 21 öre per kWh. Tomorrow's forecast, on December 6, 2024, indicates a significant decrease in electricity prices, especially during the night. The lowest cost is expected to be between 03:00 and 03:59 with only 4 öre per kWh.

Detailed Price Overview for Today

During today's hours, electricity prices have fluctuated significantly. The morning hours, especially from 08:00-08:59, have seen the highest prices at 81 öre per kWh. In contrast, the evening hours, particularly from 20:00-20:59, offer a more cost-effective period with prices around 21 öre per kWh. This makes evenings an ideal time for energy-intensive activities such as dishwashing or charging an electric vehicle.

Optimizing Energy Consumption Today

To optimize energy costs today, consider performing energy-intensive activities during the cheaper hours. For example, between 20:00 and 20:59, it costs only 6 öre to run a dishwasher, while the same activity can cost up to 121 öre during the most expensive hours. Charging an electric vehicle during the cheapest hour costs 250 öre, compared to 4858 öre during the most expensive hour.

Tomorrow's Price Forecast

Tomorrow's electricity prices show a promising trend with significantly lower costs during the night. Between 03:00 and 03:59, the price will be as low as 4 öre per kWh. Although prices rise slightly during the day, they generally remain lower than today's levels. This means there are great opportunities to save on energy costs by planning consumption during the cheaper hours.

Beneficial Times for Energy Consumption Tomorrow

For tomorrow, consider charging your electric vehicle or using other energy-intensive appliances during the early morning hours when prices are at their lowest. For example, between 01:00 and 03:59, electricity prices are below 6 öre per kWh, offering a perfect opportunity to minimize costs.

Interesting Facts about Electricity Prices and Consumption

Did you know that if we had the lowest electricity price throughout the year, it would only cost 750 SEK to heat a medium-sized house of 160 sqm? This is based on an annual energy consumption of 18,000 kWh. At today's highest price, the same heating would cost 14,575 SEK. These numbers highlight the importance of optimizing energy usage and taking advantage of the cheaper hours.

In conclusion, with the fluctuating electricity prices in Sweden, there are great opportunities to save money by carefully planning when to use the most energy. Tomorrow's lower prices offer a golden chance to benefit from cheap energy, especially during the nighttime hours.