Your gas company is a lot more fair than mine. I'm paying about $1.92/therm,
not including the monthly service charge.
I honestly might have been better off not making the conversion to NG since I no longer use the systems for heating (I'm now doing all my heating with wood,pellets, and some coal here and there). With that said, like yourself, the run up on oil really got under my skin last summer, so I was willing to make the change as my systems also needed updating, plus now I know whoever owns this house will never be sucking of OPEC's poison teat... only for diesel and gas.
Looking at your numbers, it probably would be cheaper (or at least close to it) for you to burn oil based on your NG price of $1.82/them. $1.82/therm is equal to $2.53/gal for oil, which is significantly than today's rates. Although, your new system is likely more efficient than a traditional oil system so it's probably close to a push... not to mention the conversion increased the value of the house and took money out of OPEC's pocket. :cheese:
flamegrabber said:
After all charges and fees NG costs me $1.82 per therm, and I'm using about 1 therm per day for DHW and to keep the cellar pipes from freezing. That stat's on ~52*, and between 1 and 1.5 bags of pellets per day to heat the upstairs.
So for heat and DHW during the coldest months it's costing me ~$270-300 per month total NG and pellets. I heard NG goes down in the summer time so I'm expecting to pay the minimum charge, ~$15.00 or so per month during the warmer months.
Now, when I was on oil my monthly budget was $261.00 and that was for the 12 months ending June 2008. That's about $3100.00 per year.
Now I'll be paying just a bit over that for the few coldest months and probably 20 bucks each month from May thru Sept.
Works out to be less than 1/2 the cost of oil. (But that's at yesterday's pricing.)*
So it adds to the property value and also makes it a lot cheaper to live year round.
I'm glad OPEC pissed me off so much last Spring!
FG.