LG LS23NCP20 Running Cost (Refrigerator)
Running cost for the LG LS23NCP20
ENERGY STAR certifies the LG LS23NCP20 at 495 kWh/yr, one of the more expensive models in its category to run for its category.
The $93 figure above uses the simple average of all 51 published state rates. Pick your state for the real number.
LG LS23NCP20 against the category
That's 28.2% above the refrigerator category average of 386 kWh/yr, and ranks 3,483 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 $20/year above that average at the national rate. See the methodology page.
What sits beside it in the ranking
Bosch B30IB900SP ($94/yr, 498 kWh/yr) costs a little more to run than the LG LS23NCP20. Fisher & Paykel RF135BU ($93/yr, 495 kWh/yr) costs a little less.
Same brand, different models
LG makes 132 ENERGY STAR certified refrigerators; this one ranks 28 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
13 years is NAHB's typical service life for this category; at $93/year, the LG LS23NCP20 adds up to about $1,210 in electricity over that span.
Weighing a replacement
Running above the category average, $93/year is exactly the kind of number that makes a newer, more efficient model pay for itself faster.
Worth comparing a few current certified models before deciding.
Protecting what you have
The LG LS23NCP20 already costs $93/year to run; a repair bill on top of that is the kind of expense a protection plan exists to smooth out.
Sourcing
Two sourced numbers, nothing modeled: ENERGY STAR's certified kWh/yr for this exact model, and EIA's published state electricity rate. Ranked 3,483 of 4,704, the LG LS23NCP20 sits in the middle of the refrigerator category, see the guide to why your state changes this number for the other half of the math.