What the LG LRFLC2716* costs to run
The LG LRFLC2716* is certified by ENERGY STAR at 632 kWh a year, one of the more expensive models in its category to run among refrigerators currently certified.
The $119 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
LG LRFLC2716* against the category
That's 63.7% above the refrigerator category average of 386 kWh/yr, and ranks 4,218 of 4,704 certified refrigerators for annual running cost, 1 being cheapest. The category average comes from every refrigerator ENERGY STAR currently certifies (4,704 models), not an outside benchmark, about $46/year above that average at the national rate. See the methodology page.
What sits beside it in the ranking
LG LRFLC2726* ($119/yr, 632 kWh/yr) costs a little more to run than the LG LRFLC2716*. LG LRFLC2706* ($119/yr, 632 kWh/yr) costs a little less.
Same brand, different models
LG makes 132 ENERGY STAR certified refrigerators; this one ranks 57 of 132 for running cost, between the brand's cheapest, the LK14S8000* at $39/yr, and its priciest, the LRMXS3006* at $150/yr.
What this adds up to over time
NAHB's Study of Life Expectancy of Home Components puts a typical refrigerator's service life at 13 years; run the LG LRFLC2716* that long and it costs about $1,545 in electricity, on top of whatever it cost to buy.
Weighing a replacement
The LG LRFLC2716* runs above its category average. If the refrigerator you actually own is older still, likely well past ENERGY STAR's efficiency baseline when it was made, a current certified model could cost meaningfully less than this model's $119/year every year.
Compare current ENERGY STAR certified refrigerators before buying.
Protecting what you have
A refrigerator like the LG LRFLC2716* is a real household expense whether or not it needs replacing yet; a protection plan is one way to budget for a repair rather than a full replacement.
Sourcing
Two sourced numbers, nothing modeled: ENERGY STAR's certified kWh/yr for this exact model, and EIA's published state electricity rate. The full Refrigerator category page shows all 4,704 refrigerators ranked by cost; the state-rate guide covers the half of this number that isn't the appliance.