Electricity prices Tuesday, 7 May 2024
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Today's and Tomorrow's Electricity Prices: An Overview
Electricity prices in Sweden continue to be a hot topic among consumers, especially when it comes to planning daily energy usage. Today, on the 7th of May 2024, we see a varying scale of electricity prices throughout the day, with the lowest prices in the early morning hours and a clear peak during the morning and late evening.
Price Variations Today
The lowest price, 40.58 öre, was recorded during the early morning hours between 03:00 and 03:59. Prices rose during the morning hours, reaching a peak of 98.27 öre between 08:00 and 08:59. A similar high level was observed during the evening hours, with the price reaching up to 96.25 öre between 19:00 and 19:59.
Expected Prices Tomorrow
For tomorrow, the 8th of May, electricity prices are expected to start at a slightly higher level compared to today, with a starting price of 45.22 öre at midnight. The morning hours once again show a high cost point, with the highest price expected to be 103.91 öre between 20:00 and 20:59.
Financial Tips: When is the Cheapest Time to Use Electricity?
Taking advantage of electricity during the cheapest hours can make a significant difference in household budgets. Today, the cheapest hour was between 03:00 and 03:59. During this hour, for example, it costs only 1.16 kr to take a shower and 1.75 kr for a bath, based on an average consumption of 4 kWh and 6 kWh, respectively.
Everyday Activities and Their Costs
Running a dishwasher during the cheapest hour today costs only 0.43 kr, while the cost of playing games on a computer is only 0.14 kr. For those with an electric car, a full charge can cost as little as 17.48 kr during these optimal times.
Costs During Expensive Hours
During the most expensive hours, such as between 08:00 and 08:59 today, prices soar to 6.23 kr for a bath and 15.55 kr for running a dishwasher. Charging an electric car can cost as much as 62.34 kr, highlighting the importance of planning energy usage.
Annual Savings
If one were able to utilize the lowest electricity price throughout the year, the cost to heat an average-sized house of 160 sqm would be only 5246 kr. This is compared to 18702 kr if electricity were only used during the most expensive hours, illustrating the potential for significant savings.
Final Thoughts
Keeping an eye on electricity prices and adjusting consumption can clearly reduce monthly costs. With today's technology, it is easier than ever to monitor and adapt electricity usage in real time.
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