Electricity prices Wednesday, 25 Dec 2024
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Electricity Prices in Sweden December 25-26, 2024
On Christmas Day, December 25, we have seen a varied price trend on the electricity market in Sweden. During the early morning hours, between 00:00 and 05:59, electricity prices have been particularly low, dropping as low as 2.61 öre per kWh. However, the evening hours show a significant increase with prices peaking at 12 öre per kWh around 6:00 PM.
Free Electricity During the Night
For those planning to charge their electric cars or run the dishwasher, the night is the best time. During the cheapest hour of the day, between 03:00 and 04:00, it costs nothing to shower, bathe, run the dishwasher, charge the car, or play games. This provides an excellent opportunity to save money on the electricity bill by scheduling energy-intensive activities during these hours.
Most Expensive Hours of the Day
From 3:00 PM to 8:00 PM, prices rise significantly, with a peak of 12 öre per kWh. During this time, taking a bath can cost up to 105 öre and charging an electric car can amount to 10 kronor. It is wise to avoid these hours for energy-intensive activities if one wants to keep costs down.
Price Development for the Next Day
On December 26, we see an exciting development with negative electricity prices during the early morning hours. Between 03:00 and 07:59, electricity prices will be negative, meaning that one is essentially paid to use electricity. This is a rare opportunity to charge electric cars and run other energy-intensive appliances at a very low cost.
Higher Prices in the Afternoon
In the afternoon of December 26, prices will be higher, with electricity prices reaching up to 18 öre per kWh around 4:00 PM. It is during these hours that using a lot of electricity can be most costly, so planning can be key to keeping costs down.
Interesting Facts About Electricity Prices
If we had the lowest electricity price throughout the year, it would have cost -16 kronor to heat a medium-sized house of 160 sqm, with an annual consumption of 18,000 kWh. This shows the potential for savings with low electricity prices. On the other hand, with the highest prices of the year, the same heating would have cost 3,160 kronor.
In conclusion, for those looking to save on the electricity bill, it is advantageous to take advantage of the low prices during the night and early morning hours. Avoiding the most expensive hours in the afternoon and evening can also lead to significant savings.
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