Electricity prices Sunday, 21 Apr 2024

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Richard Andersson

Richard Andersson - Sun, 21 Apr 2024 - 11:02

Economics Electricity prices
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Today's and Tomorrow's Electricity Prices: An Overview

In Sweden today, on April 21, 2024, we see a varied picture of electricity prices throughout the day. Prices start at 72 öre per kWh during the first hour and reach their peak at 106 öre per kWh at 8:00 PM. Interestingly, we observe a significant decrease during the early morning hours where the price drops as low as 48 öre per kWh between 2:00 PM and 3:00 PM.

Tomorrow: A Prediction of Price Increases

For tomorrow, April 22, 2024, a general increase in electricity prices is predicted. The starting price at midnight is 90 öre per kWh and rises dramatically to 152 öre per kWh at 7:00 AM, indicating a potentially costly morning for many Swedish households.

Financial Tips: When is the Best Time for Household Chores?

With today's fluctuating electricity prices, it can be economical to plan household chores wisely. During the cheapest hour today, between 2:00 PM and 2:59 PM, for example, it only costs 18 öre to run a dishwasher cycle and 49 öre for a shower. However, if you wait until 7:00 PM, the same shower would cost you 913 öre!

Electric Vehicle Charging: A Costly Affair during Peak Prices

For electric vehicle owners, the timing of charging can make a big difference in the wallet. Charging the car during the most expensive hour today (7:00 PM) costs a whopping 91 SEK, compared to only 7 SEK during the cheapest hour. This underscores the importance of being aware of the fluctuations in electricity prices throughout the day.

Interesting Fact: Annual Heating Cost

If we had the lowest electricity price all year round, it would only cost 2210 SEK to heat a medium-sized house of 160 sqm. However, at the highest price, the same heating would cost 27406 SEK, highlighting the potential savings that can be achieved through energy efficiency and price awareness.

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Sweden's CPIF inflation

1,10 % -0.1%

Sweden's policy rate

3.25 % -0.25%

Sweden's national debt

1 050 120 744 669KR
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