4 ms·
You have very, very cheap gas. Suspiciously cheap. Are you sure you're factoring everything in? NIPSCO's rate pages show much higher rates: https://www.nipsco.c
by mkozlows 4y ago
You have very, very cheap gas. Suspiciously cheap. Are you sure you're factoring everything in? NIPSCO's rate pages show much higher rates: https://www.nipsco.com/bills-and-payments/billing-programs/choice https://www.nipsco.com/bills-and-payments/billing-programs/c...
In Michigan here, it's like $1/therm (doing the conversion from the Mcf they actually bill in).
Multiply your gas numbers by four, divide your electric numbers by three (to reflect a COP of 3 -- that is 300% efficiency -- for a typical heat pump), and your order of magnitude goes away.
If your gas really is that cheap, then yeah, you're still much cheaper with gas, but also you've got a sweetheart deal on gas.
- crmd 4y agoCrying in NYC paying $1.85/therm, i.e. $0.063/kWh, for natural gas, and $0.231 / kWh for electricity.
- losvedir 4y agoBingo! I'm so glad I asked. Yep, I was looking at only part of the rate schedule. Looks like my effective rate is actually closer to $0.96/therm, or $0.033/kWh equivalent. At an electric rate of $0.14/kWh, now we're closer to comparable.