A new report published by the Department of Energy and Climate Change (DECC) has revealed that the cost of running household appliances has fallen significantly, due to tougher minimum performance standards and a consequent increase in energy efficient products on the market.
The study also highlighted that the most important criteria for consumers looking to purchase an appliance is its energy rating. In this context, it is no surprise that sales of energy efficient fridges, washings machines and TVs, jumped by 18% in the past three years.
Washing machines, fridges and TVs
According to DECC, the average fridge purchased in 2000 costs twice as much to run as one bought in 2013, over the course of its lifetime. Similarly, a washing machine bought in 2013 will use 28 kilowatt hours of electricity less per year, than the most energy efficient model from 2000. The average household replaces its fridge and washing machine once every 12 and a half years.
In addition, DECC’s study found that homes could cut their lighting costs by 80% if they switched to LED bulbs. The latter takes into account the cost of buying traditional bulbs over the course of a single LED’s five and a half year lifecycle – £135 instead of £9.30.
‘Less power-hungry appliances’ are the future
Energy and Climate Change Secretary Edward Davey said: “Making everyday appliances more energy efficient has helped to keep more money in the pockets of consumers – without people having to do a thing.
“Newer, less power-hungry appliances are coming out all the time thanks to better product standards and improving technology – which means running costs are going to keep falling, saving people even more money.”