Posted by johndeerefan on January 20, 2012 at 09:20:42 from (216.135.37.250):
In Reply to: Electric rates posted by George Marsh on January 19, 2012 at 08:08:47:
From propane101.com
If one gallon of propane is equal to 27 kWh of electricity, then we can compare the costs of these fuels directly by looking at the price per unit (propane gallons or kilowatt hours) and finding the price difference. This can easily be done by looking at your electric bill and multiplying the price per kWh by 27. The resulting number will be a dollar figure that will be either greater than or less than the price of a gallon of propane. For example, if you are paying 12¢ per kWh, the electrical cost comparison figure to a gallon of propane will be $3.24 (.12 x 27 = 3.24). Electricity is cheaper than propane if propane is selling for $3.24 per gallon and propane is cheaper than electricity if it is selling for less than $3.24 per gallon.
My electric rate is $0.075 and propane cost me $2.69 a gallon this year. Propane would have to be below $2.00 per gallon to make it cheaper than my electric rate.
This post was edited by johndeerefan at 09:31:01 01/20/12 2 times.
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