Brits are gearing up to face an additional cost of £138 for running washing machines as of April 1st, following the recent energy cap hike imposed by Ofgem. The impending rise in energy prices means households may experience an up to £11 increase in their annual washing machine running expenses. Presently, the average electricity cost is 24.86p per kWh, but this figure is expected to soar to 27.03p per kWh post-April 1st, with Ofgem implementing a general 6.4% raise in gas and electricity prices, translating to around £111 more in yearly expenses.
Different washing machine models consume electricity at varying rates, with smaller appliances typically using about 300W, while larger machines can go up to 2100W. Aging models might consume even more power. A study by Ideal Home observed the running costs for machines of 300W, 1,400W, and 2,100W. For instance, a mid-range 1,400W machine could cost approximately 35p for a one-hour cycle at current rates. If the machine is used daily, this adds up to £127.03 annually. Following the price adjustments, each cycle would cost 38p, totaling £138.12 per year, reflecting an £11.09 increase.
To calculate the specific cost implications for individual machines, it is advised to identify the kWh rating of the model, representing its hourly electricity usage. By multiplying the kWh by 0.2703, one can determine the hourly cost, further multiplying by the number of hours the machine is run. In light of escalating living expenses, there are tactics to mitigate expenditure. Good To.com advises against washing small loads frequently, as it consumes the same amount of energy and water whether the machine is full or half-empty, thereby incurring similar expenses. Therefore, it is recommended to wait until a full load accumulates before running the machine.
Adjusting the washing temperature downwards can also contribute to energy cost reductions. Washing clothes at lower temperatures requires less energy, with newer models offering a mandatory 20°C wash setting since 2013 under the European Union’s Ecodesign initiative, providing additional savings. According to Which?, lowering the wash temperature from 40°C to 30°C can lead to a 38% cut in energy consumption annually, while dropping it further to 20°C may result in a substantial 62% reduction.
For individuals yet to secure fixed energy rates, promptly switching to a fixed tariff is advisable to circumvent higher costs. Fixed tariffs currently available are up to 6% cheaper than the April price cap, safeguarding against potential price hikes for the subsequent 12 months. This move enables consumers to secure lower rates and bypass any imminent price fluctuations.
In these trying times, adopting conscientious energy consumption habits can help households navigate the impending washing machine cost surge. By implementing these strategies, individuals can maintain control over their household expenses and adapt to the evolving financial landscape efficiently.