Reducing Utility Charges
ID #1025
Will electric space heaters save me money?
Electricity for portable space heaters will normally cost one and one half to twice as much as using natural gas or fuel oil for the same amount of space heating. Your existing apartment or condominium heating system is much more cost effective than portable electric space heaters for heating your entire residence. If permitted by your building management and by local fire codes, portable electric space heaters can only save you money if you heat one small living area while turning your conventional heating system thermostat to a lower setting. At a local electric utility company rate of $0.15 per kWh a typical one small room 1,500 Watt portable electric space heater will cost you about $0.22 per hour to operate. If used continuously, that will cost you $5.40 per day and $162.00 over a thirty day month. Keep in mind that a so called "oil filled" portable electric space heater is still just a typical electric resistance heater like electric baseboard or an electric hair dryer.
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Last update: 2007-08-19 14:20
Author: Monitor Data Corporation
Revision: 1.1
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