High. Way high. One of our local utilities that offers the budget helper
plan (averages the payments over the whole year) has *doubled* the size
of the monthly payment starting September. They said that's based on
current pricing, and they'll re-evaluate the amount in January 04, when
it may have to go up again.
I've been reading articles saying we can expect natural gas shortages in
the US for at least the next five years, with resultant spiraling price
Alot more than they were last winter....
Already, we have several gas furnaces on the books for replacement in the
coming weeks...with heat pumps.
In our climate, its the cheapest way to go. The gas companies here are
Good point..now..based on what you just said, in a climate like here, where
at best, you get a 94 cent return on every dollar spent for just gas, in the
form of heat, just for the fuel for the furnace (average is 80 cents) not
including the electricity to run the gas furnace, and up to a $1.25 or more
return for every dollar you spend to make heat with a heat pump, and that is
nothing but electricity, what would YOU rather have? If the electric supply
is being supplied by gas, and you have to spend extra for gas AND
electricity, does it not make sense to eliminate one bill, instead of paying
for the gas TWICE?
Heat pumps, in moderate climates, are almost always cheaper to run....price
of electric of course has alot to do with it, but either way, gas, or
electric, you are going to be paying for electricity.
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