Electricity prices Friday, 26 Apr 2024

The Daily Dance of Electricity Prices: An Overview of Today's and Tomorrow's Prices

Electricity prices in Sweden continue to show a dynamic variation throughout the hours of the day, impacting everything from household budgets to the timing of our daily activities. Today, on April 26, 2024, we see a peak price of 1.26 SEK per kWh during the evening hours, while tomorrow's prices seem to be slightly lower during the same time.

Analysis of Today's Electricity Prices

In the early morning hours, electricity prices remain relatively low, with the lowest price at 0.76 SEK per kWh between 2:00 PM and 2:59 PM. Prices then gradually rise and reach today's highest level at 1.26 SEK per kWh between 8:00 PM and 8:59 PM. This pattern is important for consumers to observe as it affects the cost of activities such as charging an electric car or heating a home.

Expected Electricity Prices Tomorrow

For tomorrow, April 27, electricity prices are expected to be lower during most parts of the day compared to today. The lowest price is forecasted to be 0.45 SEK per kWh between 3:00 PM and 3:59 PM, providing an excellent opportunity for cost-effective household activities. The price peaks again in the evening at 1.23 SEK per kWh between 7:00 PM and 7:59 PM.

Economic Tips for Households

Utilizing the lowest electricity prices can make a significant difference in the household budget. For example, during the cheapest hour today, it costs only 1.69 SEK to take a shower and 2.54 SEK to take a bath. Compare this to the most expensive hour, where the same activities cost 9.18 SEK for a bath and 2.29 SEK to use the dishwasher.

Optimal Times for Energy-Intensive Activities

For those planning to charge their electric vehicle or perform larger household activities, it is recommended to focus on hours with lower electricity prices. Charging an electric car during the cheapest hour today costs only 25.48 SEK, compared to 91.83 SEK during the most expensive hour.

Fun Fact: Annual Heating Cost

An interesting comparison shows that if the lowest electricity price from today had been applicable throughout the year, it would cost 7646 SEK to heat a medium-sized house of 160 sqm. This contrasts sharply with the cost at the highest electricity price, which would amount to 27549 SEK for the same house and period.

Conclusion and Future Outlook

Monitoring the fluctuations in electricity prices is crucial to maximize economic efficiency in the household. With forecasts indicating lower prices tomorrow, it may be a good idea to plan energy-intensive activities during these more cost-effective times.