Home Household machines Find out how much your appliances are costing you in energy bills | Personal finance | Finance

Find out how much your appliances are costing you in energy bills | Personal finance | Finance

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At the end of August, national energy regulator Ofgem announced that in October the price cap would be raised by 80% from £1,971 to £3,549. At the time, energy consultancy Cornwall Insight predicted the cap would quickly rise above £6,000 by April next year.

UK households have been suffering from the cost of living crisis for many months now, leaving them more vulnerable than ever as winter approaches. Out of necessity, many have analyzed their energy use in an effort to reduce consumption.

According to Ofgem, a typical house uses the equivalent of 12,000 kWh of gas and 2,900 kWh of electricity each year. Under the energy price guarantee currently in place, the unit cost of gas is capped at £0.10 per kWh and the unit cost of electricity at £0.34 per kWh.

On top of that, each home pays an ongoing charge to be connected to the national supply – totaling £0.26 a day for gas and £0.46 for electricity. Each year, this amounts to an overall ongoing fee bill of £263. Summing up typical annual running costs and ongoing charges, they come to around £2,500.

In order to pay less than this amount, using the unit cost of electricity, Express.co.uk has estimated the cost of running each appliance so you know where to cut.

Take a look at our searchable list below to see exactly where your money is going…

The main culprit is the dryer – consuming 3,000 watts on average – which means drying your clothes for an hour will cost you £1.02.

Next are ovens, requiring 2,000 watts of energy, bringing the cost of an hour’s cooking to £0.68. By comparison, using an air fryer for an hour would only cost 38p, and opting for a three minute blast in your typical microwave would only cost 3p.

The average fridge freezer will cost £0.40 to run for 24 hours during the winter. While switching the dishwasher off on a three hour cycle will cost £0.68.

Reducing the use of some of the non-essential appliances on this list will of course help lower energy bills, but the experts also have a number of helpful tips.

Getting a smart meter allows households to instantly receive a detailed overview of their energy consumption and better manage their budget.

The Energy Saving Trust has estimated that if everyone spent a minute less in the shower each day, £215m could be saved on energy bills a year nationwide.

Heating specific rooms instead of the whole house at once – as well as lowering the thermostat – has also been proven to save energy.

Throughout his leadership campaign, the ex-foreign secretary has touted his plans to abolish the green levy and reverse the latest National Insurance hike, as well as prepare to roll out an emergency program of £130billion to freeze bills through 2023.

Boris Johnson’s government has previously announced that every UK household will receive a £400 cut on their energy bills in October, while low-income households who receive benefits or tax credits will receive an additional £650 payment. £.

On Monday, just days after taking office as chancellor, Jeremy Hunt announced that the energy price guarantee would only run until April – instead of until the end of 2024 as originally planned – while he was trying to demonstrate the government’s commitment to fiscal responsibility to calm the markets.