Fwd: Heating oil vs. electric heat [RE-wrenches]

[Bob Ellison]

Electric is more expensive, hands down. In this area, (Northern New
York) electric is pushing .18 (18 cents per KWH) generally you have to
double the figures on the energy tags in the stores to get close to
the true operating cost of appliances.

Bob Ellison


On 11/12/07, Joel Davidson <joel.davidson at sbcglobal.net> wrote:
>
> Would a wrench in heating oil territory please tell me if it is cheaper to
> heat with oil than electricity?
>
> I was told:
> 138,000 btu per gallon of fuel oil at $3.00 per gallon.
> 3,413 btu per kWh of electricity at $0.11 per kWh.
> Efficiency of oil = 78%
> Efficiency of electric furnace = 95%.
> Cost per 1,000,000 btu from oil = $27.73.
> Cost of 1,000,000 btu from electric furnace = $33.94.
>
> Thanks in advance,
> Joel Davidson
>
>
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