Electricity Prices in Sweden - Analysis for April 20-21, 2024

Richard Andersson - Sat, 20 Apr 2024 - 11:01

Economics Electricity prices

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

Today, on April 20, 2024, we observe an interesting variation in electricity prices throughout the day. From a peak of 75.85 öre per kWh during the evening hours to an almost sensationally low level of 12.28 öre per kWh at noon. This dynamic continues into tomorrow, where the price peaks at 106.52 öre per kWh, showing a significant increase compared to today.

Optimal Times for Energy Consumption Today

Throughout the day, we have seen that electricity prices are at their lowest between 1:00 PM and 2:59 PM, with a fantastic price of 12.28 öre per kWh. This is an ideal time to perform energy-intensive activities such as running the dishwasher or charging the electric car. Charging an electric car during this hour would cost only 7.37 kr, while running a dishwasher costs as little as 0.18 kr.

Price Forecast for Tomorrow

For tomorrow, April 21, 2024, electricity prices are expected to be generally higher compared to today. Prices start at 71.59 öre at midnight and rise to over 1 kr during the evening hours, making it wiser to plan energy usage earlier in the day.

Economic Tips for the Household

To maximize savings, it may be worth considering when to use larger amounts of energy. For example, showering during the cheapest hours can save money, with the cost being only 0.49 kr for a shower.

Interesting Facts about the Impact of Electricity Prices

If we had the lowest electricity price throughout the year, it would only cost 2210 kr to heat a medium-sized house of 160 sqm. This information highlights the importance of understanding and leveraging the fluctuations in electricity prices to optimize household energy consumption.

Fun Fact: Cost of Leisure Activities

Playing games on a computer costs only 0.06 kr during the cheapest hours today. Even during the most expensive hours, the cost is relatively low, only 0.53 kr, showing that some activities are still affordable despite higher electricity prices.

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Sweden's CPIF inflation

1,10 % -0.1%

Sweden's policy rate

3.25 % -0.25%

Sweden's national debt

1 050 120 673 767KR

Electricity prices Saturday, 20 Apr 2024