Electricity prices Wednesday, 24 Apr 2024

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

Electricity prices in Sweden continue to be a hot topic for households and businesses. With today's dynamic electricity market, it is important to stay updated on the latest prices in order to effectively plan energy consumption habits.

Today's Electricity Prices

Today, on April 24, 2024, we have seen fluctuating pricing throughout the day. Prices started at 0.93 SEK between 00:00 and 00:59 and peaked at 1.58 SEK during the hour of 20:00 to 20:59. This variation highlights the importance of understanding when it is most cost-effective to consume electricity.

Tomorrow's Forecast

For tomorrow, April 25, 2024, electricity prices are expected to start at 0.97 SEK at midnight and reach their highest level at 1.37 SEK between 20:00 and 20:59. This provides consumers with an opportunity to plan their activities around the lower prices.

Cost of Household Activities

Understanding the cost of common household activities can help consumers make smart decisions about electricity usage. For example, today, during the cheapest hour (03:00-03:59), it costs 3.04 SEK to take a shower and 4.56 SEK to take a bath, based on the average energy consumption for these activities.

Cost of Charging an Electric Vehicle

Charging an electric vehicle can be one of the larger individual energy consumers in a household. Today, during the cheapest hour, it costs 45.69 SEK to charge an electric vehicle, while during the most expensive hour, it costs a hefty 95.02 SEK. This underscores the importance of charging during off-peak hours.

Annual Cost of Heating

Heating a medium-sized house of 160 sqm over a full year can be costly. If we had the lowest electricity price throughout the year, it would have cost 13,708 SEK, while at the highest price, it would have cost 28,507 SEK. This demonstrates the potential savings through optimizing electricity usage.

Summary

Electricity prices fluctuate throughout the day and impact the cost of everything from showering to charging electric vehicles. By being aware of these variations, consumers and businesses can make more cost-effective choices.