Savings Option?


Old 09-03-08, 06:07 PM
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Join Date: Jan 2007
Location: NJ
Posts: 453
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Savings Option?

Since the price of oil per gallon has gone up considerably from last year, I was thinking of dropping my heating settings a few degrees lower this winter. To compensate for it, I was thinking of using those presto heating dishes I bought from Costco a few years ago. I have two of them. I was thinking that method would use less oil but more electricity and I "think" the cost of electric would be less than using that additional oil. Is my thinking incorrect? The cost for oil this winter is really scaring me!!! Please advise...Thank you!
Old 09-03-08, 06:37 PM
Join Date: Mar 2006
Location: Wet side of Washington state.
Posts: 18,495
Received 36 Votes on 28 Posts
Plug in the cost of your electricity and oil and see the results.

Use the Electric Baseboard figure for the comparison.

Understand that you need to use the total cost of the electricity that will be used for these heaters. Your rate structure may be broken down into blocks of power at different costs per kilowatt hour and also customer charges, wheeling (transport) charges, utility taxes and the like.

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