What the LG LROFC0605* costs to run
The LG LROFC0605* is certified by ENERGY STAR at 283 kWh a year, one of the cheaper models in its category to run among freezers currently certified.
That $53 is priced at 18.8¢/kWh, the average of all 51 state rates this site tracks. Your own state's rate is one click away.
How the LG LROFC0605* compares to other freezers
Against the category average of 401 kWh/yr, this model uses 29.4% less, ranking 120 of 658 freezers tracked here for running cost. 658 certified freezers, one average, about $22/year of daylight between it and this model; the full methodology has the rest.
Neighbouring models
Right next to the LG LROFC0605* on that list: Magic Chef HMUF6WE ($53/yr, 281 kWh/yr) runs slightly less, while Criterion 453-6055 ($54/yr, 289 kWh/yr) runs slightly more.
Same brand, different models
Of the 3 ENERGY STAR certified freezers LG makes, the LROFC0605* is the cheapest to run, $41/year less than LG's priciest, the LO22SO000V.
Lifespan
NAHB's Study of Life Expectancy of Home Components does not publish a figure for freezers, so no lifetime cost is shown here rather than a guessed one. The annual and monthly figures above stand on their own.
Is it worth replacing?
Efficient as certified freezers go, $53/year is a reasonable baseline if you're comparing what else is on the market.
See what else is certified in this category before you decide.
If you're keeping it
At $53/year just to run, a freezer is worth protecting against an unplanned repair bill on top of that.
How this was checked
At rank 120 of 658 for running cost, see the freezer category page for the rest of the field, or the guide to how much your state matters. The 283 kWh/yr figure is ENERGY STAR's own certification, not a wattage estimate; exact dataset IDs are on the data sources page.