Homeowners will have to fork out over £70 to run their fridge freezer if bills reach the prime minister’s energy cap
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One of Liz Truss’ first major moves as the new British Prime Minister was to set a cap on energy bills in a bid to combat the cost of living crisis. The new PM announced the typical household “will pay no more than £2,500 per year for each of the next two years”.
The cap will come into force from October 1, when annual energy bills were expected to reach £3,549 courtesy of Ofgem’s price cap. Truss claimed these measures will give the average household “a £1,000 saving per year”.
Electronics provider Freemans has conducted a study which reveals the average cost of household appliances and how much could be saved by the energy cap put forth by Truss. They also compared each monthly cost with the current levels and how much more will still have to be paid.
The fridge freezer comfortably topped the list, with a monthly cost of £60.48 as of the energy crisis. This was set to rise to a whopping £110.16 in line with inflation.
Applying Truss’ energy price cap, the Fridge Freezer remains the most expensive but is slightly cheaper to run at £73.44 a month. Next came the washing machine, which currently costs £30.24 a month to run, and the dishwasher, at £27.72.
These three appliances alone currently set households back £118.44 per month, and around £1,421.28 annually. Below is the current outlay to homeowners of the 10 costliest appliances.
This can be compared to the monthly costs based on Truss’ energy price cap, as outlined below. The prices in brackets are the predicted monthly costs in line with inflation.