Electricity prices Thursday, 26 Dec 2024

The Rollercoaster of Electricity Prices: Today's and Tomorrow's Electricity Prices

Today's electricity prices in Sweden offer a fascinating journey, with prices ranging from negative levels to high peaks. During the early morning hours, between 04:00 and 07:00, electricity prices are so low that they are actually negative. During this period, it costs nothing to shower, bathe, charge your car, or play games on the computer. In fact, you get paid to charge your electric car, which can be an unusual but welcome surprise for electric vehicle owners.

Free Energy during the Morning Hours

For early birds, there is good news. Between 04:00 and 07:00, electricity prices are so low that it is free to perform energy-intensive activities such as showering, bathing, or running the dishwasher. This is an excellent opportunity to take advantage of the low prices to reduce your electricity bill.

Today's Electricity Price Peaks

After the early morning hours, electricity prices begin to rise significantly. The most expensive hour during the day is between 4:00 PM and 5:00 PM, where the price reaches 18 öre per kWh. During this hour, it costs 125 öre to take a bath and 31 öre to run the dishwasher. Charging an electric car during this hour costs a whopping 1255 öre, which is a significant difference compared to the early morning hours.

Price Development Tomorrow

Tomorrow, December 27, electricity prices are expected to be higher compared to today. Prices start at around 12 öre per kWh during the night and rise to over 20 öre per kWh in the afternoon. The highest price point tomorrow is expected between 4:00 PM and 6:00 PM, when prices reach 21 öre per kWh.

Trivia: The Lowest Electricity Price of the Year

An interesting thought is that if we had today's lowest electricity price throughout the year, it would have cost -17 kronor to heat a medium-sized house of 160 sqm. This shows the huge difference in electricity prices depending on the time and day.

Tips for Energy Usage

To optimize your electricity consumption, consider performing energy-intensive activities during the hours when electricity prices are at their lowest. This may involve running the dishwasher early in the morning or charging your electric car overnight. By adjusting your energy usage according to the fluctuations in electricity prices, you can save significantly on your electricity costs.

In conclusion, today's and tomorrow's electricity prices offer an interesting dynamic, with great opportunities for those willing to adapt their energy consumption. Keeping an eye on the fluctuations in electricity prices can be an effective way to save money and contribute to a more sustainable energy consumption.