Blog

Saving money could be costing you heaps

By: Isabelle Kingsley, Category: Lifelong Learning, Date: 03 Nov 2011

When shopping for appliances, it’s easy to compare purchase price to save money. But what about the cost to run an appliance over its lifetime—don’t you wish you could compare that too?

Electricity bill

 © Australian Museum

According to an article on Discovery, a new testing service will allow consumers to see what appliances are energy savers and which are energy wasters. Savenia Labs in the U.S. will test appliances and provide information on stickers to show energy use, how much it will cost to run as well as the item's carbon footprint over its lifetime. Savenia Labs will go beyond the star-ratings for large appliances and also test small common household appliances such as coffee makers, microwaves, toasters and other common household appliances. (To read the full article, click here)

In Australia, electrical appliances account for about 30 % of the average household energy use and standby energy use can account for 10 % or more of that amount.

Would this kind of suggested labelling encourage people to choose appliances that are more energy efficient and cost less over their lifetimes, or would people still think of the immediate cost and continue to hunt for bargain purchase prices?

  • What do you think?
  • Would you appreciate this type of labelling when buying appliances?