Generally, heat powered by electricity is cheaper than gas-powered heat. Electric heat is billed per kilowatt-hour and gas-powered heat is billed per therm. In most cases, electric heat billed per kilowatt-hour is much cheaper than gas-powered heat billed per therm.Know More
One of the reasons electric heat is typically cheaper than gas-powered heat is because there are several fuel sources to generate electricity, and those sources, generally, are cheaper than the sources that generate gas power. Some of those methods are coal, nuclear power, natural gas and landfill gas. Another reason why electric heat is cheaper than gas heat is because it's easier to regulate your bill with electric-powered heat. The number of kilowatt-hours used is determined by the length of time that you use electricity and the wattage of the device requiring the electricity. For example, a 40-watt light bulb uses 40 kilowatts per hour, but a 13-watt energy-saving light bulb would save 27 kilowatt-hours an hour. According to Georgia Power, an average kilowatt-hour rate is $0.05 per kilowatt-hour. Consumers could save $1.35 just by using an energy-saving bulb. Similarly, using energy-saving electric appliances and furnaces will help keep monthly electricity bills down.
Gas-powered heat, on the other hand, is billed according to how many therms are used, and the only way to regulate therm usage is to use gas-powered heat less frequently. Therm rates tend to be higher than kilowatt-hour rates. Also, therm rates vary depending on the rate offered by the gas company. For instance, a therm rate could be anywhere between $0.50 to $0.75 per therm. Most companies allow its customers to lock in a rate for a year. Not locking in a therm rate usually means the rate will fluctuate each month.Learn more in Household Budgets
Off-peak hours for using electricity vary by location, but are typically between 10 a.m. and 4 p.m., then again from 8 p.m. to 6 a.m. during the winter months. During the summer, the hours are usually anytime before 4 p.m. and after 8 p.m.Full Answer >
To lower an electric bill, it is necessary to reduce energy use in the home. Unplugging small appliances, switching to low-energy appliances, sealing doors and windows, and installing a programmable thermostat is recommended to save on energy usage. With consistent effort, homeowners can significantly reduce costs.Full Answer >
A home's HVAC system and appliances are the most common causes of high electricity bills. Most modern appliances and gadgets draw electricity when turned off, which causes them to consume a lot of electricity over a long period.Full Answer >
A person can save on gas money by maintaining the car, driving less, paying cash at gas stations and buying a car that has higher fuel efficiency. Running the air conditioner instead of opening the window lowers wind resistance, decreasing fuel consumption.Full Answer >