One of the posts below mentioned electrical heat efficiency being close to 100% ..... he is correct but you have to factor in other things like the efficiency of the original source of energy along with getting it to your property. Someone still has to pay for that energy loss and you know who that is ...... here is some info from a government website that explains it all nicely ....
Electric resistance heating is 100% energy efficient in the sense that all the incoming electric energy is converted to heat. However, most electricity is produced from coal, gas, or oil generators that convert only about 30% of the fuel's energy into electricity. Because of electricity generation and transmission losses, electric heat is often more expensive than heat produced in homes or businesses that use combustion appliances, such as natural gas, propane, and oil furnaces.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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