How expensive are induction hobs to run?

How expensive are induction hobs to run?

The cost of operating an induction hob can vary depending on several factors, including the electricity rates in your area, the wattage of the induction hob, and how often and for how long you use it. Here are some key factors to consider:

  1. Wattage: The wattage of an induction hob can vary, but most household models typically have zones that range from 1200 to 1800 watts or more. The higher the wattage, the more electricity it will consume when in use.

  2. Usage: How often and how long you use the induction hob will directly impact its operating cost. If you use it frequently and for extended periods, your electricity bills will be higher.

  3. Electricity Rates: The cost of electricity varies from place to place and may change over time. To calculate the operating cost, you'll need to know the electricity rate in your area, which is usually measured in kilowatt-hours (kWh).

  4. Efficiency: Induction hobs are generally more energy-efficient than traditional electric or gas stovetops because they directly heat the cookware, reducing heat loss. However, the efficiency can vary between models, so check the product specifications for details.

Induction hob power turning on

How much does it cost to run an induction hob?

To estimate the cost of running an induction hob, you can use the following formula:

Operating Cost = Wattage (in kilowatts) x Hours of Use x Electricity Rate (per kWh)

For example, if you have a 1800 watt induction hob and you use it for 1 hour a day, and your electricity rate is £0.12 per kWh:

Operating Cost = 1.8 kW x 1 hour x £0.12/kWh = £0.216 per day

Keep in mind that this is a simplified calculation and doesn't account for other factors such as standby power consumption, variation in electricity rates during peak and off-peak hours, or any additional energy usage in the kitchen, like using an oven or other appliances simultaneously.

In general, induction hobs are considered energy-efficient, but their running costs will still depend on your individual usage patterns and electricity rates. It's a good idea to monitor your energy consumption to get a more accurate idea of the costs associated with running your specific induction hob.