Compare the Cost of Fuel Use
(This page was updated September 6, 2023.)
On average, natural gas energy is somewhat cheaper to operate compared to electricity. It's true; natural gas is the cleanest of all fossil fuels, and it's so reliable and comfortable that you may just forget that you're doing something good for the environment (and your wallet, too).
Effective Rates for September 2023**
| APPLIANCE |
ANNUAL THERMS USED |
NATURAL GAS |
PROPANE (LP) GAS |
ELECTRIC |
| COOKING |
35 |
$45.15 |
$107.49 |
$137.53 |
| WATER HEATING |
ANNUAL THERMS USED |
NATURAL GAS* |
PROPANE (LP) GAS* |
ELECTRIC |
| GAS TANK STYLE/GAS TANKLESS VS. ELECTRIC TANK STYLE |
150 / 100 |
$193.50/$129.001 |
$460.66/$307.101 |
$524.72/$418.89 |
| HEATING |
130 |
$167.70 |
$399.23 |
$664.30 |
| CLOTHES DRYING |
50 |
$64.50 |
$153.55 |
$224.77 |
| TOTAL APPLIANCE USAGE – with tank/tankless |
|
$303.15/$238.652 |
$721.69/$568.142 |
$887.03/$781.19 |
| GAS SAVINGS VS. ELECTRICITY |
|
54% / 48%3 |
23%/ 13%3 |
|
|
|
*when using tankless |
*when using tankless - LP |
|
| OUTDOOR RECREATION |
ANNUAL THERMS USED |
NATURAL GAS |
PROPANE (LP) GAS |
ELECTRIC |
| POOL HEATING4* |
250 |
$322.50 |
$767.76 |
$1,277.50 |
| SPA/HOT TUB HEAT4 |
125 |
$161.25 |
$383.88 |
$638.75 |
*varies according to pool size, weather conditions, and temperature maintained
All other figures are annual average projections based upon the following:
- 1 therm = 100,000 BTUs of energy
- Natural Gas $1.67 per therm
- LP Gas per gallon (BRLP3) $2.79 per gallon or $3.69 per therm
- Duke Energy per KWH (Based on >1000 KWH rate) $0.14805 Per KWH or $4.34 per therm
**Notes: The above analysis is based on September 2023 residential energy and fuel charges and does not include applicable taxes or franchise fees.
Current monthly customer charges are:
Duke Energy $12.51, Peoples Gas $30-$82 (varies by rate class), Clearwater Gas $16 (natural gas only) and $24 in Central Pasco. L.P. customers are billed annually, $95-$230 (non-refundable, depending on program).