OK if a nice man offers a free Smart Meter but I wouldn't go out of my way to have one fitted. They're good for measuring the energy consumption of the whole house, but not ideal for finding out which devices are guzzling energy. For that look up Wattmeter on Amazon or similar, and buy a plug-in device like this:

These measure volts, amps, watts and time and many of them can calculate cost as well. Plug any device into the mains via a wattmeter to see the good or bad news!
Energy is priced in 'Units'. A unit is 1000 watts consumed for an hour. A unit, or kilowatt-hour, costs an average of £0.28 in the UK at the moment. To work out the cost it's necessary to multiply the number of watts used by the length of time the device is switched on.
For the purpose of a J&S540 estimate I don't think it's worth getting wrapped up in the difference between Volt-Amps and Watts, effciency, or whether the Chris's 8A is input or output: lets just say the estimate could be out by 20%.
The number of watts is 240V x 8A = 1920W
As 1920W is close enough to 2000W, we can say running the J&S540 for an hour will consume about 2 Units of electricity and cost Chris about 56p. Running the machine continuously for 8 hours would cost £4.48, and if the workshop did 200 8 hour shifts per year, the annual bill would be about £900.
Don't panic! Home workshops rarely run machines for long periods. It's more likely we operate in short bursts with rather long delays in between. So our energy consumption is likely to be on the small side, but worth watching. In particular keep an eye on any device that is mostly on: lights, heating, air-con, radio, fans etc.
Some examples:
- In my windowless workshop the electric lights consume about 300W continuously, so an 8 hour session costs me more than it costs Chris to run his J&S 540 for an hour.
- If I fitted 100 watts worth of black heaters as an anti-rust precaution and left them on permanently, the electricity would cost about £230 per year.
I don't do electric welding and rarely run my compressor. The lathe, mill and band-saw see most action, but all in short bursts.
In my home the workshop isn't a major consumer of electricity. It's the rest of the house! Electric Cooker, 2 fridge-freezers, washing machine, electric shower, vacuum cleaner, lights, central heating pump etc. (I got rid of the tumble drier!) A wife who vacuums the house everyday probably uses more energy than a hobby workshop, unless you run a kiln or do a lot of arc welding. I suspect pumping and lighting a big fish-pond is more expensive than metalwork.
Keep an eye on electronics! The computer and peripherals I'm using consumes about 180W. Powered off on standby the set-up consumes 8W continuously, about £18 per year wasted. If I use the computer for 10 hours a day, it will cost about £136 per year, but at least I got to play with it. Most homes contain always on radios, TVs, routers, alarm clocks, door-bells, games consoles and wall-warts galore.
Had some surprises last time I did a wattmeter sweep; a HiFi consumed more power on standby than when playing music. Turning everything off and making sure the electricity meter isn't still twirling is worth doing too: I found three devices consuming power, two of them unnecessarily. This is one reason smart meters are a good idea: they make it much more obvious when power is being wasted.
Dave
Edited By SillyOldDuffer on 07/08/2022 15:36:42