Electricity prices Sunday, 15 Dec 2024

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

Electricity prices in Sweden vary significantly throughout the day, impacting both household and business energy costs. In today's report, we present the average electricity prices for today, December 15, 2024, as well as a forecast for tomorrow, December 16, 2024. We also provide some practical tips on how to take advantage of the lower electricity prices.

Today's Electricity Prices: December 15, 2024

During the night from 00:00 to 05:59, electricity prices have been relatively low, ranging from 5 öre to 15 öre per kWh. The early morning hours, especially between 06:00 and 09:00, saw a significant increase, with prices reaching up to 42 öre per kWh.

From 10:00 to 18:00, prices ranged between 19 öre and 38 öre per kWh, peaking around lunchtime. The evening offers lower prices, especially between 19:00 and 23:59, where prices dropped as low as 3 öre per kWh.

Free Energy in the Evening

The cheapest hour today, between 23:00 and 23:59, offers essentially free energy for activities such as showering, bathing, using the dishwasher, charging an electric car, and playing games. This is an excellent opportunity to carry out energy-intensive activities at no cost.

Tomorrow's Electricity Prices: December 16, 2024

Tomorrow's electricity prices show an interesting trend with extremely low prices during the night. Between 00:00 and 05:00, the electricity price is practically free, and during certain hours, one may even get paid to use electricity, presenting a unique opportunity for electric car owners to charge their vehicles.

From 06:00 onwards, prices gradually rise, with a peak in the late afternoon and early evening, reaching up to 28 öre per kWh. The evening ends with slightly lower prices, which can be advantageous for those looking to save on energy costs.

Perfect Time for Electric Car Owners

For electric car owners, it is an excellent time to charge their vehicles overnight into the next day, as during certain hours, they actually get paid to charge. This is due to negative electricity prices, where energy companies pay consumers to use electricity.

Practical Tips for Energy Usage

To maximize savings, we recommend planning energy-intensive activities such as showering, bathing, or using the dishwasher during the cheapest hours of the day. For those working from home or with flexible schedules, it may also be a good idea to postpone energy-intensive work to these times.

Trivia about Electricity Prices

If we had the lowest electricity price throughout the year, it would have cost -4 kronor to heat a typical 160 sqm house. This illustrates how significant the differences in electricity prices can be over time and how important it is to be aware of when energy prices are at their lowest.

The Role of Electricity Companies

Electricity companies play a crucial role in balancing demand and supply, especially during periods of extremely low or negative electricity prices. Their ability to manage these fluctuations is essential to ensure a stable energy supply to consumers.

In conclusion, with the low electricity prices during the night and early morning hours, there are great opportunities to save on energy costs by adjusting your electricity consumption to these times. Keep an eye on these price trends to optimize your energy usage and save money.