Is Natural Gas Cheaper Than Electricity In Ontario

Natural gas costs 3 82 cents per kwh and its cipk is 187 9 grams.

Is natural gas cheaper than electricity in ontario.

The globe reported that ontario has a 7 billion plan to reduce greenhouse gas emissions by moving all homes over to electric heating by 2050 and putting electric cars in people s driveways. Gas furnaces are more expensive to install especially if you do not already have natural gas service. Natural gas rates remain significantly lower than electricity more than five times cheaper. However if you only have electricity then the choice between the two fuels becomes a little less clear.

Electric for energizing a home is a debate common for homeowners who want to be both cost effective and energy efficient. Another distinguishing factor is cost. Although natural gas is a greenhouse gas when released into our environment propane is not on the same level as it has no toxicity to harm the environment. Ontario and the rest of canada began the process of deregulating the nation s natural gas market in 1985.

There is no question electricity is cheaper in quebec than in ontario and household energy bills including both electric and natural gas are lower as a result. To start propane is a primary energy source whereas electricity is secondary that is to say propane can be used as is and electricity can. Gas units are more powerful and can heat the home more quickly than electric units. Natural gas is known as a clean energy alternative since it s clean burning producing less harmful emissions than other fossil fuels oil and coal.

Thirteen years later ontario passed the energy competition act of 1998 which called for the restructuring of the province s electricity market in order to make it more competitive and to expand the choices available to consumers. Electricity nearly four times cleaner than natural gas cost nearly five times as much as natural gas in ottawa and nearly 8 times as much in eastern muskoka. Though the two energy sources are comparable in many ways they are distinct in others as well. Our more representative comparison however highlights how the difference is not as great as the hydro quebec report depicts.

If natural gas rates have been historically lower than electricity in your province chances are high that they will be lower than electricity prices in the years ahead. Natural gas is a vital source of energy for consumers for many reasons including the fact that it s a versatile fuel source abundant safe and the cleanest of the fossil fuels. Overall a natural gas fueled furnace is cheaper to run as natural gas is generally cheaper than electricity this is expected to continue to be the case in the medium to long run. Gasoline costs 10 5 cents per kwh and its cipk is 258 4 grams.