Electricity or Gas
Should you switch over?
Getting a new furnace? Should you get one that uses electricity or gas? A common notion out there is that gas is cheaper than electricity when it comes to heating and other appliances. So is it? Use the calculator below to compare fuel prices...
How to Use the Calculator
- Use the drop-down box to select your current price for a selected fuel
- Review the calculated numbers
- If the electricity price calculated is lowered than your current rate, switching may be a good option for you (see note 4 below)
- Remember that fuel burning equipment such as furnaces are not 100% efficient. If your furnace is 75% efficient, you will require 133% of the fuel energy compared to an electric heater (100% / 75% = 133%)
- Thinking of moving out to the country? You may require propane or heating oil. Be sure to compare your local prices as propane or heating oil can be 3-5 times the price of natural gas.
To compare this, first select your current natural gas price and note the equivalent price in ¢/kW-hr and then select your new price of propane or heating oil and compare the two prices in ¢/kW-hr.
- Refer to the section below for typical pricing in your area
Typical Energy Prices
Still to come...
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