With the cost of living crisis continuing to hit families finances, we have launched a campaign to help you save money.
As part of our Your Money Matters campaign, these are the household appliances that are costing you the most money to run.
Research from MoneyTransfers.com revealed the worst culprits in your home.
They found that air conditioners – using current energy prices of £0.28 per Kilowatt Hour (kWh)* – are by far the most expensive utility to run each month, with electric heaters, tumble dryers, and washing machines following behind.
At the bottom of the list, a single incandescent light bulb (assuming it’s used for 4 hours a day), costs just £2.02 each month, or £24.24 a year.
Brits may be surprised to see that the beloved kettle actually doesn’t use as much electricity as they perhaps thought.
Research from Utilita shows that a quarter of UK adults thought that their kettle was using the most energy – when in fact, it’s only the sixth most expensive appliance per month assuming the kettle is being boiled for 15 minutes per day.
These are the appliances costing you the most money:
- Air Conditioning
- Electric heater
- Tumble drier
- Washing machine
- Fridge Freezer
- Kettle
- Games Console
- TV
- Light bulb
Jonathan Merry, chief executive of MoneyTransfers.com, said: “The cost of living crisis and increased price cap on energy bills is an issue affecting families across the country.
“Our research shows that combined, many of these appliances simply cost too much to run simultaneously under current energy tariffs.
“Inflation is at an all-time high, and getting energy bills as low as possible is a key concern for millions in the UK right now.
“Knowledge is power: our research provides an insight into what appliances are costing you the most to run each month, and which may be worth cutting down on – but it’s also clear that many of the appliances listed are simply daily necessities for many.”
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