Electricity prices Wednesday, 18 Dec 2024
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Electricity Prices in Sweden on December 18, 2024
Today's electricity prices in Sweden vary significantly throughout the day, with a peak of 43 öre per kWh around 08:00 and a minimum of only 2 öre per kWh at midnight. This means that households have good opportunities to save money by adjusting their electricity consumption to the cheaper hours.
Cheapest and Most Expensive Hours Today
The cheapest hour today falls between 11:00 PM and 11:59 PM, with an electricity price of only 2 öre per kWh. During this hour, for example, it costs only 3 öre to take a shower, 4 öre to fill a bathtub, and running a dishwasher costs only 1 öre. Charging an electric car costs 48 öre during this hour, which represents a significant saving compared to the more expensive hours.
The most expensive hour falls between 08:00 AM and 08:59 AM, with an electricity price of 43 öre per kWh. During this hour, filling a bathtub costs 260 öre and running a dishwasher costs 65 öre. Charging an electric car costs a whopping 26 kronor, emphasizing the importance of charging during the cheaper hours.
Tomorrow's Electricity Prices on December 19, 2024
Tomorrow, electricity prices are expected to remain relatively low throughout the day, with a minimum of 2 öre per kWh at midnight and a maximum of 26 öre per kWh around 05:00 PM. This is good news for households, who can take advantage of the low prices to reduce their electricity costs.
Strategies for Saving on Electricity
To maximize savings, households are recommended to plan energy-intensive activities such as laundry, dishwashing, and electric car charging during the cheaper hours. For example, it may be wise to charge the electric car or run the dishwasher during the night when prices are lowest.
Interesting Facts About Electricity Prices
If we had the lowest electricity price throughout the year, it would have cost only 145 kronor to heat a medium-sized house of 160 sqm. This highlights the enormous potential for cost savings by leveraging the lowest electricity prices.
The Role of Electricity Companies in Price Variation
Electricity companies play a crucial role in stabilizing electricity prices by balancing supply and demand. Price variations are often due to changes in weather conditions, the availability of renewable energy, and international energy markets. By investing in smart technology and renewable energy, electricity companies can help reduce these variations and offer more stable and predictable prices for consumers.
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