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

Richard Andersson - Fri, 27 Dec 2024 - 12:01

Electricity prices

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Electricity Prices in Sweden: An Overview of Today's and Tomorrow's Costs

Today, on December 27, 2024, electricity prices have varied throughout the day, reaching a peak of 20 cents per kWh between 5:00 PM and 6:00 PM. The cheapest hour was between 4:00 AM and 5:00 AM, with a price of 8 cents per kWh. Tomorrow's forecast indicates slightly lower prices, with a low of 3 cents per kWh between 11:00 PM and 12:00 AM.

Detailed Electricity Prices for December 27, 2024

During the night, from midnight to 3:00 AM, prices were around 11 cents per kWh. The price then dropped to 8 cents at 4:00 AM, making it an optimal time for energy-intensive activities such as charging an electric car or running the dishwasher. Prices gradually rose during the morning and reached a peak of 20 cents between 10:00 AM and 6:00 PM. Prices started to drop again, and by 11:00 PM, the price was 15 cents per kWh.

Tomorrow's Electricity Prices for December 28, 2024

Tomorrow, electricity prices are expected to be slightly lower compared to today. From midnight to 6:00 AM, prices will range between 12 and 15 cents per kWh. The most expensive time of the day will be between 9:00 AM and 4:00 PM with prices around 17 cents per kWh. Prices will drastically drop in the evening, and between 8:00 PM and 11:00 PM, we can see prices as low as 3 to 5 cents per kWh, making it almost free to use electricity during those hours.

Optimal Times for Energy Usage

With today's electricity prices, it is wise to plan energy-intensive activities during the cheapest hours. Taking a shower costs only 12 cents during the cheapest hour today, while a bath costs 18 cents. Charging an electric car during the cheapest hour costs 184 cents, which is significantly lower than the 1251 cents it costs during the most expensive hour.

Interesting Facts about Electricity Prices and Energy Consumption

If we had the lowest electricity price throughout the year, the cost to heat a medium-sized house of 160 sqm would have been 554 kronor, based on an annual consumption of 18,000 kWh. At the highest electricity price, the same heating would have cost 3754 kronor.

Summary

Electricity prices in Sweden show some variation between day and night, offering opportunities to save money by planning energy-intensive activities during the cheapest hours. With tomorrow's forecast, we can look forward to significantly lower prices in the evening, making it especially advantageous to charge an electric car or run the dishwasher at that time.

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Sweden's CPIF inflation

1,80 % +0.3%

Sweden's policy rate

2.5 % -0.25%

Sweden's national debt

1 066 518 338 228KR

Electricity prices Friday, 27 Dec 2024