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FUEL COST COMPARISON |
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Conversion Factors: Natural Resources Canada |
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ELECTRIC RESISTANCE HEATING |
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Residential electrical rate: x.xxx cents per
kilowatt-hour |
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1 Kilowatt = 3,413 BTU (Natural Resources Canada) |
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Based on an efficiency of 100%, it requires 293 kW to product 1 million
BTU. |
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Cost per million BTU = 293 kilowatt-hours times x.xxx cents = $xx.xx |
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#2 FURNACE OIL |
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Cost per litre: xx.xx cents |
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1 litre = 36,984 BTU (Natural Resources Canada) |
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Based on an efficiency of 80% (conservative), it requires 34 litres to
produce I million BTU. |
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1,000,000 BTU / 29,587 (80% of 36,984) = 34 litres |
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Cost per million BTU = 34 litres times xx.xx cents = $xx.xx |
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PROPANE |
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Cost per litre: xx.xx cents |
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1 litre = 24,489 BTU (Natural Resources Canada) |
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Based on an efficiency of 80%, it requires 51 litres of propane to produce
1 million BTU. |
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1,000,000 BTU / 19,591 (80% of 24,489) = 51 litres |
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Cost per million BTU = 51 litres times xx.xx cents = $xx.xx |
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WOOD |
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Cost per cord: $xxx.xx |
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1 cord = 28 million BTU |
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Mixed hardwood - one cord (Air Dried) |
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Based on an efficiency of 50%, it requires 0.0714 cords of hardwood to
produce 1 million BTU. |
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1,000,000 BTU / 14,000,000 (50% of 28,000,000) = 0.0714 cords |
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Cost per million BTU = 0.0714 cords times $xxx.xx = $xx.xx |
