Electricity prices Thursday, 16 Jan 2025

Today's Electricity Prices: A Unique Opportunity to Save

On January 16, 2025, a rare situation presents itself in the electricity market in Sweden. Overnight, electricity prices have dropped to levels that mean certain hours are completely free for consumers, and even negative. This means that you actually get paid to use electricity during these hours. Between 01:00 and 04:59, electricity prices are negative, making it a perfect time to charge your electric car, as you effectively earn 4 öre for doing so! At the same time, it costs nothing to shower, bathe, wash dishes, or play games during these hours.

Optimize Your Electricity Consumption

For those looking to optimize their electricity consumption and save money, it’s smart to plan energy-intensive activities during these cheap hours. Showering, bathing, or charging your electric car during these hours will not only save you money but actually earn you a little bit. A shower that consumes 4 kWh costs nothing during these hours, while a bath that consumes 6 kWh is also free.

Higher Prices During the Day

During the day, electricity prices rise significantly. The most expensive hour today is between 08:00 and 08:59, when the price reaches 35 öre per kWh. During this hour, taking a bath costs 211 öre, highlighting the importance of planning energy-intensive activities for cheaper hours.

Electricity Prices Tomorrow

Tomorrow, January 17, 2025, electricity prices are expected to be somewhat more stable, with a lowest price level of 0.155 öre per kWh between 22:00 and 22:59. Although prices are not negative, these hours still offer an opportunity for cost-effective electricity consumption.

Curiosities About Electricity Prices

An interesting thought is that if we had the lowest electricity price all year, it would have cost -14 kronor to heat a normal-sized house of 160 sqm with a consumption of 18,000 kWh. This shows how volatile electricity prices can affect our energy costs.

The Role of Electricity Companies

Electricity companies play an important role in managing and distributing electricity prices fairly. By understanding the dynamics of the market, consumers can better adjust their electricity consumption and take advantage of the most favorable prices.

Tips for Energy Saving

To maximize your savings, consider using energy-efficient appliances and planning energy-intensive activities during the cheapest hours. Being aware of electricity prices can make a significant difference in your household budget.

Summary

Today's electricity prices offer a unique opportunity for consumers to save money and even earn a little on their electricity consumption. By planning smartly and using electricity during the cheapest hours, you can optimize your energy usage and reduce your costs.