Electricity prices Wednesday, 11 Dec 2024

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

December 11, 2024, offers an interesting variation in electricity prices across the country. Prices start relatively low during the night but peak in the afternoon. The cheapest hour is between 02:00 and 03:00, with an average price of 27 öre per kWh. The most expensive hour falls between 17:00 and 18:00, with a price reaching 254 öre per kWh.

Electricity Prices Throughout the Day

During the early morning hours, between 00:00 and 05:00, prices remain below 31 öre per kWh. It's a good time to perform energy-intensive activities such as charging an electric car or running the dishwasher. By 06:00, prices start to rise and reach 65 öre per kWh. At 08:00, they hit 210 öre per kWh, continuing to rise throughout the morning.

Activities and Costs

During the cheapest hour, a shower costs 108 öre, a bath 163 öre, and running the dishwasher only 40 öre. Charging an electric car costs 16 kronor, and playing games on the computer costs 13 öre. These costs are based on the energy consumption required for each activity.

Tomorrow's Electricity Prices

The forecast for December 12, 2024, shows a similar trend with slightly higher prices. The cheapest hour is between 03:00 and 04:00 with a price of 43 öre per kWh. The most expensive hour is expected to be between 17:00 and 18:00, with a price of 412 öre per kWh.

Recommendations for Energy Usage

To save money, it may be wise to plan energy-intensive activities during the times when prices are at their lowest. Tomorrow's best time to, for example, charge an electric car will be during the night or early morning before prices start to rise at 06:00.

Trivia: Annual Heating Cost

If we had the lowest electricity price year-round, it would cost 4891 kronor to heat a medium-sized house of 160 square meters. With the highest price, the cost would be 74166 kronor. This illustrates the significant impact electricity prices have on household energy expenses.

The Role of Energy Companies in Price Development

Electricity prices are influenced by several factors, including weather conditions, demand, and electricity supply. Energy companies play a crucial role in balancing these factors and ensuring a stable power supply. During the winter months, when demand is high, it is especially important to have efficient and reliable energy production.

As a consumer, it is essential to be aware of electricity prices and plan energy usage accordingly. By taking advantage of the cheaper hours, one can significantly reduce their electricity costs.