Post-October Price Cap: Fridge and Freezer Running Costs

Introduction

As of the 1st of October 2022, an energy price cap has been put in place by the UK government.

Household bills are set to skyrocket, which is causing serious concern for millions as the cost of living crisis surges.

With so much information being brought to us daily, it’s hard to understand how much exactly we’ll be paying each month to run our electrical appliances – including fridges and freezers – in the coming months.

Keep reading for more information on the price cap and how much you could be spending.

What is the October Price Cap and How Will it Affect Me?

For homeowners in England, Scotland and Wales, there will be an EPG (energy price guarantee) of £2,500 for the typical ‘household’, replacing the previous price cap of £3,549.

This is where the price cap can get confusing, as these prices refer to the cost of a single unit of energy, as opposed to your total bill. What you actually pay is dependent on how many units you use.

The standard rate will now be 46p per day, with those paying their bills by direct debit being charged an average of 34p/kWh.

While this is still higher than the existing rate of 28p, it’s lower than the previously announced, 52p.

The New Cost of Running a Fridge Freezer

With the new cap in place, the cost of running a fridge and freezer is expected to go up, along with other household appliances like washing machines and TVs.

The average domestic fridge costs around £73-£120 to run. This is set to increase by over £20.

Integrated fridge freezers will exceed these figures, going up to an estimated £217.

And this is just for domestic use.

The cost of running these appliances depends on the size and model, so, for those of you running eateries, with large numbers of fridges and freezers throughout the establishment, your total bill will be affected hugely.

How to Keep Your Fridge and Freezer Bills Low

In both homes and restaurants, fridges and freezers are usually in use every minute of the day to keep food fresh and usable. Some may think turning off your appliance when it’s empty and turning it back on when you need it could save you some money, but this isn’t true.

This will simply use more energy than keeping it on constantly, as a surge of energy is needed to switch it off completely and then cool it when switched back on.

The fridges and freezers we supply here at Aquilo are all highly energy efficient, with the aim of keeping running costs as low as possible, without compromising on quality.

By shopping with us, you can expect a quality fridge and freezer that is perfect for commercial use, without worrying about extortionate running costs.

Other ways to keep energy bills low include:

• Defrosting your freezer regularly
• Keeping fridge and freezer doors closed when not in use
• Making sure all seals are in good and sufficient condition

Contact Aquilo Today

If you’re worried about the October price cap and want to ensure energy bills are as low as they can be, Aquilo is here to help.

Whether you need to update your fridge and freezer or want to invest in an energy-efficient one, our extensive range has something for everyone and every business type.

If you have any further questions on the appliances we have available, feel free to contact us at 0800 093 8343 or fill out our online contact form and we’ll get back to you as soon as we can with more information.