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A condominium association with 15 electric cars could potentially Save over 70 000 SEK per year by implementing smart charging and load balancing. This means distributing the charge over time and with lower power, especially during nighttime hours when the power charge is often lower.

Energy is measured in kilowatt-hours (kWh) and indicates the amount of electricity used over a period. Power is measured in kilowatts (kW) and indicates how much energy is used per unit of time. Power tariffs focus on the power output, that is, how much electricity you use at the same time.

Power tariffs are based on your maximum electricity consumption at one time, not total consumption. By spreading out your electricity usage, you can lower your costs. For example, you can save by charging your electric car at night when many grid companies offer discounts.

You can prepare by finding out how your power charge is designed, identifying your power peaks, using smart control for electric car charging, avoid using multiple energy-consuming appliances at the same time and shift electricity use to off-peak hours, most often at night.

Power tariffs shall be introduced by all electricity network companies in Sweden by 1 January 2027 in accordance with the regulations of the Swedish Energy Market Inspectorate. Some companies have already implemented this pricing model.

Spring smart load balancing can significantly reduce power peaks by distributing the charge over time, which often saves the property owner expensive network tariffs without negatively affecting residents' charging needs.