The present disclosure relates to method and device for determining performance of an intermittently used refrigerator. Performance measuring device receives time stamped temperature data from temperature sensor configured in the intermittently used refrigerator. The received time stamped temperature data is used to determine values for each of one or more predefined parameters associated with the intermittently used refrigerator. The performance measuring device determines temperature variation of the intermittently used refrigerator at predefined time intervals. Based on the determined temperature variation, additional service windows in a site comprising the intermittently used refrigerator are identified i.e. the intensity of sales in the site are identified. The determined values of each of the one or more predefined parameters and the determined temperature variation, helps in determining the performance of intermittently used refrigerator. One or more suggestions related to performance of the intermittently used refrigerator and energy consumption are provided to an end user.