Appliance Running Cost Comparator
Compare running costs of gas vs electric versions of common appliances in Queensland.
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Reduces electric appliance running costs
Winner: Heat pump
Save $650/yr
vs Electric storage
Annual Running Cost
10-Year Total Cost of Ownership
| Appliance | Purchase | Annual Running | 10-Year Total |
|---|---|---|---|
| Electric storage | $1,200 | $900 | $10,200 |
| Gas storage | $1,800 | $731 | $9,113 |
| Gas instant | $2,200 | $619 | $8,388 |
| Heat pump ★ | $3,800 | $250 | $6,300 |
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Frequently Asked Questions
Is reverse cycle cheaper than gas heating?
Yes — reverse cycle (heat pump) air conditioning is 3-6x more efficient than gas heating. Even with electricity costing more per unit than gas, the efficiency difference means running costs are typically 50-70% lower. The gap is even bigger if you have solar panels.
How much does it cost to run a heat pump dryer?
A heat pump dryer uses about 60% less energy than a conventional vented dryer. Annual running costs are typically $50-100 vs $150-250 for a vented dryer. The higher purchase price ($1,000-1,500 vs $400-600) is offset within 3-5 years through lower running costs.
Is induction cheaper than gas cooking?
Running costs are similar — both are relatively small portions of your energy bill ($70-120/year). Induction is faster and more efficient. The real savings come from eliminating the gas connection — the daily supply charge ($300-365/year) dwarfs the cooking cost difference.