If you have a good-sized slow cooker than you can often cook extra so you can freeze a portion or use it for tea the next night. In a house like ours where we have after school clubs for the kids and Mr Frugal on odd shifts sometimes, it’s not always possible to eat at the same time.
Slow Cookers provide the freedom to cook meals while focusing on other daily tasks, but how much electricity does a slow cooker use and how does this compare to other appliances such as an electric stove or oven? When run for 8 hours on the low setting, a typical slow cooker will consume about 1.44 kW/hours of electricity.
But generally, a slow cooker is an energy-efficient alternative to an electric stove or oven. There are 4 areas we will explore further to answer how energy efficient using a slow cooker can be and how much they cost to run (compared to a stove/oven).
Let’s start with a quick overview of how power consumption is measured, then we’ll do the math for a slow cooker example. For most homeowners and renters, the important number for power consumption is going to be kilowatt/hours (kWh).
Note: Resistance also plays a role in electrical systems, but we can afford to overlook this for the sake of our slow cooker investigation. If we increase the pressure or current coming from the hose, we see a higher resulting power output.
In order to figure out the Power output, we simply multiply the Amperage and Voltage together using this equation. To get this amount into kilowatt hours, we then must multiply the product in example two by the time that we were consuming the electricity.
At the time of writing this article, the average residential cost for electricity in the United Sates is hovering around $0.13 per kWh. We can follow the same steps to calculate that using a slow cooker on a high-cook setting for 8 hours would cost about $0.25 on average.
Of course, there are many variables that can affect this math, including the size of your slow cooker and even the type of food being prepared. In comparison, a stove-top burner may heat/cook the food quickly, but it also loses a lot of energy to the air and other elements of the stove.
Some slow cookers, as well as many ovens, can also operate with what is known as a “duty cycle” in order to help conserve energy use. The heating element will periodically turn off and back on to maintain a constant temperature.
Calculating the cost of running a stove uses the exact same method that we would use for a slow cooker. The main difference is that the amperage and voltage of a stove or oven is going to be drastically higher than a slow cooker.
A residential electric stove/oven, on average, functions using a 220 V outlet and can draw between 30 and 50 amps. Using our equations from earlier, we see that a stove drawing 30 amps would use 6.6 kWh if used continuously for one hour.
If we assume we use a burner for only 20 minutes, the total cost of that particular cooking time would be $0.29. The main variable to consider with an oven is that the primary electrical draw is during its heating cycle.
This makes the power consumption of an oven less than what it would be simply doing the hypothetical math. To have a completely accurate calculation of the energy use of an oven, you would need to track the cumulative time that the heating element is functioning, not just simply the cook time.
The trade-off for using the stove-top or oven is going to be in the much shorter cook times compared to using a slow cooker. I’ve been trying to convince my Mother (who lives with my sister) to get one as it’ll be good for them to get something warm and nutritious on in the morning, ready for them in the evening.
I think the slow cooker will be the way for me for some time yet although on a freezing day, I’ll use the oven to cook dinner (and to warm the house) but get the most out of it with getting on a batch of muffins, cookies and a cake or dessert. When it comes to slow cookers, there are numerous reasons why an individual may want to purchase one.
The first is due to the slow cooker being an incredibly convenient appliance in the kitchen, and the second is because they have been touted as energy-efficient and cost-effective. For those who are trying to save money or those who are on a tight budget, reducing energy costs is alluring.
Unlike conventional ovens, a Crock Pot is energy efficient because it is designed to maintain a steady and continuous heat, while stoves, on the other hand, cycle their burners on and off as heat is needed. Beyond this, modern Crock Pots are built with an in-temperature sensor for meats and will switch the device to warm mode once the desired temperature is reached.
This feature saves you energy consumption by not cooking the meal longer than necessary. Of course, the higher the setting and the larger the Crock Pot, the more electricity is needed to power it.
When comparing a slow cooker versus a stove top in regard to energy efficiency, it can be difficult to know which one wins out. To cook the same meal in a slow cooker, you’re going to need to run it for much longer than 30-60 minutes.
The best way to find out if your slow cooker is more energy efficient than your stove top is to look at the number of amps being drawn from both or compare your electricity bill. An oven that is run for 8 hours a day at 1500 watts is going to cost you, $525.66 a year.
If you are looking for a Crock Pot that saves you money by being energy efficient, this one solves a common problem with slow cookers; your meal only takes six hours to cook but you will be gone for eight. It comes with a low, high, and warm setting that reaches about 210 degrees with a maximum wattage of 240.
The only con associated with it is some users have stated that it cooks too hot on the lowest setting. This slow cooker is perfect for someone who wants to set it and forget it without worrying about whether they will come back to a destroyed meal.
Coming in at only 275 watts, the Hamilton Beach 6-Quart uses smart technology to allow you to cook a recipe to the desired cooking time or specific temperature with an automatic switch to keep warm when done. The main thing that you want to keep in mind when choosing a slow cooker specifically for its energy-saving capabilities, is to look for an energy seal or look at the total amount of watts being consumed.
Eating out often can zap your budget, but busy schedules make it difficult to find the time to cook healthy, tasty, and economical home-cooked meals. Eat one tonight, and then package the extra in labeled freezer bags.
Just pop the freezer bag in the microwave or pour the thawed chili into a pan on the stove top, toss together a green salad, and dinner is served. When you come home at dinnertime, dinner’s nearly done, eliminating the temptation to run out for something quick (and more expensive).
You can buy tougher (and less expensive) cuts of meat because the slow cooker acts as a tenderizer. Tofu, an inexpensive meat substitute, tastes better cooked in a slow cooker because it has time to soak up the flavors of the broth, spices, and other ingredients.
The S&P 500 rose 16% during the corona crisis year, while the NASDAQ, with its heavy tech representation, showed an impressive annual gain of nearly 43%. The advent of two viable COVID-19 vaccines is fueling a surge in general optimism. Wall Street’s top analysts have been casting their eye at the equity markets, finding those gems that investors should give serious consideration in this new year.
He writes of this opening, “We believe the pandemic is a tailwind for fast food chains exploring better delivery options. The SOLO's 100-mile range, low operating cost, and std telematics make the vehicle a good fit, in our view, particularly when location data can be integrated into a chain's kitchen software.
(To watch Irwin’s track record, click here)Speculative tech is popular on Wall Street, and Electromechanical fits that bill nicely. Nautilus gained as the social lockdown policies took hold and gyms were shuttered in the name of stopping or slowing the spread of COVID-19.
“Nautilus reported blowout results for 3Q:20 with strength across its portfolio… We think the company has orders and backlog to drive high sales and earnings for the next several quarters and think we have seen a fundamental shift in consumers' exercise-at-home behavior. Car sells to both business buyers and individual consumers, offering vehicles for a variety of uses: commercial fleets, private travel, even the second-had parts market.
Third quarter earnings, however, at 23 cents per-share profit, were down less, 11% YOY, and showed a strong sequential recovery from the Q2 EPS loss of 25 cents. As the new vaccines promise an end to the COVID-19 pandemic later this year, and the lifting of lockdown and local travel restrictions, the mid- to long-term prospects for the second-hand car market and for Car Auctions are brightening, according to Trust analyst Stephanie Benjamin. The 5-star analyst noted, “Our estimates now assume that the volume recovery occurs in 2021 vs. 4Q20 under our previous estimates… Overall, we believe the 3Q results reflect that Car is well executing on the initiatives within its control, specifically improving its cost structure and transforming to a pure digital auction model.” Looking further ahead, she adds, “…delinquencies and defaults for auto loans and leases have increased, and we believe will serve as a meaningful volume tailwind in 2021 as repo activity resumes. This supply influx should also help moderate the used pricing environment and drive dealers to fill up their lots, which remain at three-year lows from an inventory standpoint.” In line with these comments, Benjamin sets a $32 price target, implying a high 71% one-year upside potential to the stock, and rates Car as a Buy.
Bitcoin is charting a typical bull market correction amid increased expectations for price volatility. Alibaba founder Jack Ma's absence from public view in the past two months, including missing the final episode of a TV show on which he was to appear as a judge, has fueled social media speculation over his whereabouts amid a Chinese regulatory clampdown on his sprawling business empire.
The Financial Times reported on Friday that Ma was replaced as a judge in the final episode in November of a game show for entrepreneurs called Africa's Business Heroes. Several Western media outlets have reported the disappearance of Jack Ma, China’s most prominent businessman, and co-founder of e-commerce and entertainment giant Alibaba.
Despite the Covid-19 pandemic, which ground the U.S. economy to a halt, the Dow and the rest of the major indexes finished the year at or near record highs. As is so often the case when there is a wide chasm between stock market gains and economic pain, many investors start to wonder if we’ve witnessed a massive financial bubble.
When looking for the best artificial intelligence stocks to buy, identify companies using AI technology to improve products or gain a strategic edge, such as Microsoft, Netflix and Nvidia. (Bloomberg) -- Brookfield Asset Management Inc. and a group of investors has offered to acquire the stake in Brookfield Property Partners that they don’t already own, in a $5.9 billion bid to take the real estate company private. The Canadian alternative-asset manager said it has made a proposal to acquire the outstanding units for $16.50 each, or about a 14% premium to Thursday’s closing price in New York.
“We believed it would be a premium offering to the market given it has a unique global portfolio and some of the highest quality real estate in the world. Brookfield Property Partners has formed a special committee of independent directors to review the offer, and said investors don’t need to take any action at this time. Any transaction would be subject to a vote requiring approval from the majority of minority holders, Goodman said. Brookfield Property Partners owns, operates and develops one of the largest portfolios of real estate in the world.
At the end of September it had about $88 billion in total assets, including developments like London’s Canary Wharf and Brookfield Place in New York. Brookfield Property Partners shares have fallen more than 20% over the past year, though they’ve bounced back to double from their March lows. Brian Kingston, chief executive officer of Brookfield’s real estate group, said in a letter to unit holders in November that he believed the worst of the crisis is now behind the company, and that he continued to see signs of recovery from the economic shutdown.
Median household savings for Gen X, according to a recent study, is $64,000, and 81% of that cohort are worried about being able to fund their golden years. (Bloomberg) -- Ava, a laser-sensor startup founded by two ex-Apple Inc. engineers, is poised to increase its war chest by $200 million with an investment by a Hong Kong-based hedge fund ahead of its public listing via a reverse merger. The funding from Sclera Capital Management is expected to boost the total proceeds from its planned deal with Inter Private Acquisition Corp. to $563 million, an Ava executive said.
Investor interest in Ava is part of a wave of financing deals targeting next-generation auto-related companies focused on fields such as battery-electric and driverless technology. Shares of Inter Private rose as much as 10% in premarket trading Monday after Bloomberg reported Sclera’s investment. The deal with Ava is expected to close in the first quarter of 2021. Lidar, a system of laser-based sensors that allows a vehicle to “see” its surroundings, is among the most expensive components of autonomous cars and key to enabling more advanced self-driving features.
With robot axis still years away, LIDAR companies are targeting limited self-driving features in passenger cars and consumer devices and industrial robots. Read more: With Robot axis Still a Distant Dream, Lidar Makes Itself Usefulness joins four other lidar-focused firms that have planned or completed reverse mergers in recent months, including Laminar Technologies Inc. and Innovate Technologies Ltd. All have done so via special purpose acquisition companies, or Space. Those blank check financing vehicles became a major source of initial public offerings in 2020, raising a record $78 billion in the U.S. alone. Beyond AutomotiveSylebra, which oversees around $3.8 billion and which is led by a veteran of Coat Management LLC, added to its existing stake at prices ranging from $11.50 to $16 per share, according to a Dec. 31 securities filing.
The hedge fund firm will have an interest of about 7% after the reverse merger is completed.“The company is a leader in frequency modulated continuous wave technology, which we believe is where the market is headed, not just for auto, but also for consumer, industrial and commercial applications,” said Dan Gibson, Sclera’s Hong Kong-based chief investment officer. “We are buying at price points that are very attractive versus the long-term opportunity and the firm is backed by strong and experienced management.” Aeva -- a company that’s yet to turn a profit -- is valued at about $3 billion, the startup’s chief executive officer, Borough Salesman, said in an interview.
Ava plans to use the extra cash to meet demand from consumer device companies and speed up some of its technological achievement milestones, he said.“We are seeing interest from a number of new customers, from auto and industrial and consumer applications,” Salesman said, adding the company is working on applications for mobile phones, tablets and consumer health. Apple VeteranSalehian, who helped develop the Apple Watch during his almost five years as a product manager at the tech giant, says Ava has an edge in consumer devices because its tech can be fit onto a chip small enough for tablets and smartphones, as well as the bulkier boxes used for automotive LIDAR. That applicability of the startup’s technology beyond autos helped convince Inter Private to join forces.“A factor to us was Ava had a broader set of applications and customers that included large tech companies as well as automotive companies,” said Ahmed Fatuous, CEO of Inter Private. Read More: No End in Sight for Blank-Check Firms After Year of the Space has said it’s received strategic investments from Porsche Automobile Holding SE, the majority shareholder of Volkswagen AG. Shares of insurer Gen worth Financial Inc. slid 34% in premarket trade Monday, after the company and China Oceanside Holdings Group Co. Ltd provided an update on their merger agreement.
“Given uncertainty around the completion and timing of the remaining steps required to close the transaction, Gen worth and Oceanside have not extended the current December 31, 2020 “end date” under the merger agreement,” the companies said in a joint statement. The delay since the two companies last agreed to extend the agreement on Nov. 30 is due to the COVID-19 pandemic and related restrictions as well as the need to finalize financing terms with Tony Capital, said Oceanside.
In the meantime, Gen worth is focused on executing its contingency plan, which includes a potential partial initial public offering of its U.S. mortgage insurance business, which seeks to meet near-term liabilities of about $1 billion o f debt that comes due in 2021. Gen worth has already sold its Canadian mortgage insurance business for about $1.8 billion in December 2019 and raised $750 million in debt at the U.S. MI holding company level in August 2020.
The company now has about $1 billion in cash and liquid assets as of Dec. 31, about $340 million of which is ringfenced to cover February 2021 senior notes at maturity. “When we considered our most recent extensions of the merger agreement, Gen worth's Board of Directors believed we were on a path to a near-term closing based on the information we were provided,” non-executive Chairman James Raise said in a statement.
Shares of Indio Pharmaceuticals Inc. were up 4.5% in premarket trading on Monday after the company announced a licensing deal with Ad vaccine Biopharmaceuticals Suzhou Co. Ltd. for its COVID-19 vaccine candidate. As part of the agreement, the privately held Chinese biotech gains exclusive right to develop, manufacture, and commercialize the still-investigational vaccine in China, Hong Kong, Macao, and Taiwan.