Sucked in by sticker price

Spotted this outside my local Kmart on the weekend. Looks cheap, doesn't it? I'm sure they sell much less if the true cost was on the sign.

The star rating sticker (with the disappointing 1 and a half stars) tells me this fridge consumes 250 kWh/year. At the current electricity price that's $73.50 per year. After a couple of years, the power would have almost cost more than the fridge itself.

To put it another way, over 10 years (assuming 10% price increase each year) it would cost $1170 to run this "cheap" fridge.

A classic case where paying a few bucks extra for a more efficient fridge can save you big money - as well as reducing greenhouse emissions. Everyone's a winner.

PS. Compare the costs of various fridge models at energyrating.gov.au