DOE: Natural Gas Costs Less
Washington, D.C . – Natural gas will cost less to use in 2009 than other major home energy sources, according to the Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy. The DOE forecast of projected costs of natural gas, electric, propane and kerosene energy use was published in the June 3, 2009 Federal Register.
According to DOE, 1 million British thermal units (Btus) of natural gas will cost an estimated $11.12 this year – while the equivalent amount of electricity will cost families roughly three times as much ($33.41) on average. Natural gas will also cost less than heating oil and propane, which are forecast to be $16.22 and $21.02 respectively.
“Once again, we’re reminded that using natural gas in our homes and businesses can result in substantial cost savings,” said David Parker, president and CEO of the American Gas Association (AGA). “In these trying economic times, those savings are vital for hardworking Americans and their families.”
“And because natural gas appliances are more energy efficient than their electric counterparts, our customers are not only keeping money in their wallets but are also conserving vital energy resources and reducing greenhouse gases,” he said.
The least expensive way to heat a home in 2009 is with a high-efficiency (94 percent) natural gas furnace, according to an AGA analysis of DOE’s cost projections. This option will cost consumers an estimated $694 in 2009, compared with $2,050 for the most expensive home-heating option – an electric resistance system (such as electric warm air furnace heating), AGA said.# # #
The American Gas Association, founded in 1918, represents 202 local energy companies that deliver clean natural gas throughout the United States. There are more than 70 million residential, commercial and industrial natural gas customers in the U.S., of which almost 93 percent — more than 65 million customers — receive their gas from AGA members. Today, natural gas meets almost one-fourth of the United States' energy needs. For more information, please visit www.aga.org.