I've had a Kill-O-Watt meter on my two pond pumps and other stuff (UV, space heater) since my pond was up and running 4 years ago. I've spent $971 in total on electricity over these past 4 years.
The thing about pumps is they can be all over the place with power consumption vs how much water they pump, and since they generally run 24/7 a more efficient quality pump can easily pay for itself in a year or two Or to look at it a different way, a poor efficiency pump can cost you more than the price of several band new quality pumps in just a few years in wasted electricity. But you'll never know until you look at the specs of your pump or get yourself a Kill-O-Watt meter and hook it up to your pump and do a little math. If your pump is pumping less than 20 gallons per watt, you might want to replace it. Anything over that and it starts getting harder to justify replacing.
For example, here are the relevant specs of two quality models
Sequence® brand pumps. One has a max flow of 3,600 gph with a max power consumption of 142 watts. 3,600 divided by 142 =
25.3 which is pretty good. The other model on there has a max flow of 4,200 gph with a max power consumption of 154 watts. 4,200 divided by 154 =
27.2 which is even better.
What is the max flow vs the max watts of your pump?
If you have a head pressure (are you pumping your water very high) the formula does get a little more complicated, you'll want to compare the pump specs for that too by comparing their performance curves.
Here is an example of the two pumps I mentioned.