Quote:
Originally Posted by SailinAway
References:
State energy website: https://www.nh.gov/osi/energy/energy-nh/fuel-prices/
Eversource charge: https://www.eversource.com/content/n...delivery-rates
Cost per million BTU
Oil @ $3.29/gal: $29.67
Electricity @$0.1937/ kwh: $53.18
Looks like oil is considerably cheaper. What's confusing me: Eversource lists a consumer price of 5.177 cents/kwh, compared to the state's price of $0.1937. Why that discrepancy?
I heat my house with oil plus a 1500-watt heater in the room I'm in. I like to know whether the heater is saving me money or costing me more per month. |
Fuel is one thing, how that fuel is covered to heat is a completely different story.
https://www.efficiencymaine.com/at-h...st-comparison/
Notice #2 and #3 are Electric, #10 is Oil (at almost twice the cost).
#3 is a mini split.
#14 is electric baseboard (same as most space heaters), which is double the price of Oil.
Even though heat pumps do drop in efficiency when it gets really cold. Those costs are annual in Maine.