Newer appliances are not only more efficient, they perform the same or better while including a large number of new features, according to a new report, Better Appliances: An Analysis of Performance, Features, and Price as Efficiency Has Improved, released today by the American Council for an Energy-Efficient Economy (ACEEE) and the Appliance Standards Awareness Project (ASAP). In many cases, product prices have stayed the same or even declined as efficiency has improved. In other cases, electricity bill savings outweigh price increases.