Thanks for the link. The other problem is that our electricity is 7.7 cents kwh off-peak, 14 cents on-peak BUT by the time you add all the rest of the BS on the bill, the price ends up TWICE that amount. Delivery charge, debt repayment, invoicing charges, taxes. Load of BS. If I lower my hydro usage substantially, it won't even cut my bill in half.
As such, the 9 cents I speak of is TOTAL meaning acutal bill divided by kwh used. We don't have off peak rates though I wish we did. With power so cheap and electric heaters so cheap it is actually a pretty good deal to heat with resistance here in the PNW.
Another fun angle is that you can buy a new pellet stove for 1000$ or a new pellet stove for 4000$. A new woodstove for 600$ or 4000$.