Nearly 187 million Americans and 5.5 million businesses use natural gas because it is affordable, reliable, safe and essential to improving our environment. America's natural gas utilities are innovative and committed to reducing greenhouse gas emissions through new and modernized infrastructure and advanced technologies that maintain reliable, resilient and affordable energy service choices for consumers.
The cost for a therm of natural gas using local kWh equivalents (1000 kWh ON Peak Fuel Charge) $4.18 while the cost of a therm of natural gas from Okaloosa Gas using an 85% energy efficiency factor is $1.86. Natural Gas is $2.32 less expensive per energy unit than electricity.
Natural Gas vs. Electric Rate Comparison
SAVE $2.32 with NATURAL GAS
The energy cost comparison was formulated on the cost per 100,000 BTU's output of a fuel type.
Utility Rate X Amount Required for 100,000 BTU's X Efficiency Factor = Cost per 100,000 BTU's.
The efficiency factor for electric is 100% and for natural gas appliances is 85%.
To calculate the efficiency factor: Example: 1 ÷ .85 = 1.176.
The costs are based on current local utility rates. 07/01/2022.
Natural gas is affordable and has saved families like yours tens of millions of dollars in the past five years. Families that use natural gas to heat their homes, cook their meals and dry their clothes save on average $1,041 every year over those who use electricity. Why is that? Gas furnaces cost less to operate than heat pumps.
Tankless gas water heaters have energy efficiency as high as 97 percent and cost less than electric ones. As demand for energy has risen, natural gas usage per household has actually decreased. Said simply: increase your use of natural gas and you will increase the money in your pocket.
Low domestic natural gas prices have led to savings of almost $50 billion for customers who have used natural gas for heating, cooking and clothes drying over the past four years.
Source: American Gas Association.