Refrigeration is a significant contributor to household electricity usage. An energy survey conducted by the energy supplier Ovo¹ estimated that "cold appliances", including both fridges and freezers, accounted for 16% of all household electricity usage.

I've been wanting to understand my own …

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Simply put, standby power is the amount of power something is using when it's not switched on. One example might be your television. When you turn the television off, it's unlikely you're going to unplug it from the wall. This means that it's going to draw a small amount of power even when it's "off".
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