How much does it cost to run a multi-cooker - does the air fryer alternative save money?

Here's how much your multi-cooker will cost to run following the latest energy price guarantee announcement

Ninja multi-cooker on grey kitchen counter
(Image credit: Russell Hobbs)
Recent updates

This article has been updated to show the new cost to run based on the April 2024 Energy Price Cap. It has also been fact-checked and any out-of-date information removed.

Multi-cookers do exactly what they say on the tin; they provide multiple ways of cooking something so that you can make your dinner exactly how you want it. But the question is, how much does it cost to run a multi-cooker? Will the best multi-cooker save you money in the long run compared to if you were using a traditional oven?

From 1st April, Ofgem is reducing the energy price cap again. Energy bills are still high so this makes now a good time to invest in potential energy-saving appliances, such as multi-cookers. But first, it's helpful to ask the questions, 'how much electricity does a multi-cooker use?', and 'how much does it cost to run a multi-cooker?'

How much does it cost to run a multi-cooker?

Russell Hobbs multi cooker cooking soup on worktop with food

(Image credit: Russell Hobbs)

We've done the maths for you and come up with some up-to-date figures on how much does it cost to run a multi-cooker. Keep reading to find out whether investing in one of these devices will help keep those energy bills down.

How much electricity does a multi-cooker use?

To work out the answer to how much does it cost to run a multi-cooker, it's helpful to firstly look at how much electricity does a multi-cooker use.

'Multi-cookers typically use from 700W to 1800W of power, which is on par with other small kitchen appliances such as kettles and toasters,' says William Hobbs, Energy Expert, MyJobQuote. 'However, you will find that multi-cookers use a bit more electricity than these appliances because they need to be on for more than a few minutes at a time.'

The top three multi-cookers in our best multi-cooker buying guide use 1200W, 1460W, and 1100W. Multi-cookers with larger capacities will use more electricity, as they'll take longer to heat up.

How much does it cost to run a multi-cooker?

Black Russell Hobbs multi cooker in white and blue kitchen

(Image credit: Russell Hobbs)

'Thanks to their differing functions and capacities that range from 3 to 8 litres, multi-cookers do vary in power consumption and running costs,' says William.

To give you more of an idea of how much it cost to run a multi-cooker, we've used the top three multi-cookers in our guide, and calculated how much they will cost to run following the new energy price cap increase. From 1st April, government support means you will be charged a maximum of 25p per kWh for electricity.

'The Government’s Energy Price Guarantee for your area and your energy tariff affects the exact running costs for a multi-cooker,' says William. 'To get a better idea of how much your multi-cooker costs to run for an hour, you’ll need to take your unit rate. This can be found on your bill or smart meter.'

You'll also need to look at the wattage power of your multi-cooker, and divide this number by 1000 to get the kWh when used for one hour. Multiply the kWh by how much you pay per unit of energy to find out how much your multi-cooker costs to run for an hour.

For example, the Tefal CY505E40 All-in-One Cooker has a power of 1600W, which works out at 1.6 kWh (energy units per hour). If your current energy rate is 25p per hour, this multi-cooker will cost 40p per hour of use.

If you tend to use your multi-cooker for around 30 minutes per day rather than a full hour, just cut this figure in half at the end.

How much does it cost to have oven on for 1 hour?

'Modern electric ovens tend to use between 1.5kWh and 5kWh of power, depending on their energy efficiency and capacity,' says William.

Multi-cookers can use the same amount of energy as smaller convection ovens, however, most multi-cookers won't cost more than 50p an hour to run. And thanks to the different functions like air frying, steaming, and pressure cooking, the cooking process doesn't take as long. They don't need to be switched on for as long which makes them effectively cheaper to run than the cost to run an oven.

Will you be investing in one of the best multi-cookers now you know how much they cost to run?

Katie Sims

Katie Sims has been writing for Ideal Homes since spring 2022. She qualified from her Master’s in Media and Journalism in 2021 and has been writing freelance since. She has worked on Ideal Home’s ecommerce team where she researched the best home products on the market, and on the news team, researching the latest trends for feature pieces.