Today's and Tomorrow's Electricity Prices: A Guide to Smart Energy Consumption

Richard Andersson - Fri, 3 May 2024 - 11:02

Electricity prices

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

As spring transitions into summer, electricity prices continue to exhibit dramatic variations throughout the day, impacting everything from household budgets to when we choose to run the dishwasher or charge our electric vehicles. Here is an overview of today's and tomorrow's electricity prices along with some tips on how to optimize your energy usage.

Today's Electricity Prices (2024-05-03)

Prices today have ranged from as low as 29.996 öre per kWh during late evening hours to a peak of 64.7901 öre per kWh during evening usage. This information is crucial for cost-conscious consumers. For example, charging your car or taking a shower during the cheaper hours can save you money.

Tomorrow's Electricity Prices (2024-05-04)

Tomorrow we see a similar trend with the lowest prices in the early morning hours, dropping to 15.5457 öre per kWh, and rising again in the evening to 66.0225 öre per kWh. Planning energy-intensive activities for the morning or late afternoon can be economically advantageous.

Financial Tips: When to Shower, Wash Dishes, or Charge Your Car?

Utilizing the knowledge of electricity price fluctuations can make a significant difference in your wallet. For instance, charging your electric vehicle during the cheapest hour today would cost only 2.10 kr, compared to the most expensive hour which would cost 39.61 kr. Taking a shower during the cheapest hour costs only 0.14 kr, while during the most expensive hour it would cost 3.96 kr.

Interesting Facts: Annual Costs

If we had the lowest electricity price throughout the year, it would cost only 632 kr to heat a medium-sized house of 160 sqm, whereas with the highest price it would cost 11,884 kr. This significant difference highlights the importance of being aware of the dynamics of electricity prices.

Conclusion

Keeping an eye on electricity prices and adjusting your energy usage to the most economical times can lead to significant savings. It is also a step towards a more energy-efficient and environmentally friendly everyday life.

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Sweden's CPIF inflation

1,50 % +0.4%

Sweden's policy rate

2.75 % -0.5%

Sweden's national debt

1 057 666 083 572KR

Electricity prices Friday, 3 May 2024