Propane was $2.99 last week here in Northern Michigan. Just got a Natural Gas bill from D.T.E. and it is still 47 cents per CCF. Electricity comes to 14.2 cents per KWH (total cost with all the add-ons). Heating oil is $3.49 right now.
NG - one CCF @ 47 cents has 102K BTUs. 91% furnace = 92,820 BTUs. 81% furnace = 82,620 BTUs
Propane - takes 1.1 gallons to equal 1 CCF of NG. So it takes $3.29 to equal 47 cents worth of NG.
Electricity - takes 29.8 KWH to equal the 1 CCF of NG. So, it takes $4.23 in electric to equal 1 CCF of NG that costs 47 cents or $3.29 for propane.
Heating oil - takes 3/4s of a gallon to equal 1 CCF of NG. So, $2.62 of heating oil to equal 47 cents worth of NG, $4.23 of electric, or $3.29 in propane.
Factor in furnace efficiency and heat delivered? NG @ 91% = 92,820 BTUs for 47 cents. Hardwood @ 60% = 92,820 BTUs for $1.80 Heating Oil @ 83% = 92,820 BTUs for $3.28 Propane @ 91% = 92,820 BTUs for $3.29 Electric @ 100% = 92,820 BTUs for $3.84
Note that right now - Idaho reports the cheapest electricity rate at 8.4 cents per KWH (with all costs factored into the bill). North Dakota near as cheap. If I was living in Idaho, I might consider using more electric. Northern MI is around 14-15 cents, NY is around 17-18 cents, etc.
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