I have been doing various kinds of accounting for over 66 years.
NBot following the “77% more” statement.
IF A UNIT of electricity costs $46.19 & the equivilant unit if Natural Gas costs $13.97———
That calculates to electricity costing 3.30637 TIMES the electricity.
WHAT AM I MISSING???????
“WHAT AM I MISSING???????”
What are the units in your IF declaration?
> WHAT AM I MISSING???????
You are not missing anything. See my note above.
Electric heat in MO costs about 3x NG, even with NG having doubled in the last couple of years.
I’m going on an assumption of 10 cents winter usage per kilowatt hour, which we’re told by the greenies is unrealistically cheap.
Well those freaks wanted $5 gasoline in 1980.
Efficiency.
The rates quoted are from the utility and what's supplied to the home "raw", so to say.
What your particular system does with it is another story.
A gas furnace will have X percent efficiency depending on how clean the burn is. This only changes as the furnace ages.
However, the efficiency of heat pumps is dependent on temperature. The lower the temp, the less efficient it is and it's not linear. It gets noticeably worse if you drop below freezing.
The entire article is whacked. Written by one out new high school graduates who don’t learn anything in school. Either that or they are mega liars. Where does that $462 come from? In a cold northern winter it can cost more than $900 per month to heat a home with electric.