How to Compare Cost
When comparing the price of off-peak electricity for heating to the price of alternative heating fuels, it is important to compare equipment efficiency, energy rates and monthly service charges. It is also important to recognize the long-term stability of the off-peak rate versus alternatives that may fluctuate up and down at a moment's notice.
Cost Comparison
The seasonal efficiency for electric heating systems ranges from 100-300 percent or more. The comparable efficiency for gas and oil heating systems ranges from a low of approximately 70 percent to a high of 95 percent.
View the heating cost comparison chart below to compare Beltrami Electric's off-peak heating rate to the equivalent price of propane, fuel oil or natural gas. If you have any questions, contact our energy services department at (218) 444-3623 and we will be happy to help you.
Heating Cost Comparison Chart
|
Off-Peak Electric |
Propane ($/Gallon) 90% Efficiency |
Fuel Oil ($/Gallon) 80% Efficiency |
Natural Gas ($/Therm) 90% Efficiency |
| $0.0776 | $1.88 | $2.56 | $2.06 |
| $0.0672 | $1.64 | $2.23 | $1.79 |
| Off-Peak Electric Summer: ($0.0776/kWh) Winter: ($0.0672/kWh) 100% Efficiency |
Propane ($/Gallon) 90% Efficiency |
Fuel Oil ($/Gallon) 80% Efficiency |
Natural Gas ($/Therm) 90% Efficiency |
| $0.0776 | $0.94 | $1.28 | $1.03 |
| $0.0672 | $0.82 | $1.12 | $0.90 |
| Off-Peak Electric Summer: ($0.0776/kWh) Winter: ($0.0672/kWh) 100% Efficiency |
Propane ($/Gallon) 90% Efficiency |
Fuel Oil ($/Gallon) 80% Efficiency |
Natural Gas ($/Therm) 90% Efficiency |
| $0.0776 | $0.57 | $0.78 | $0.62 |
| $0.0672 | $0.50 | $0.68 | $0.54 |