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Even With a 40% Increase Natural Gas is Still a Steal

natural gas in ontario

News outlets around Ontario are all reporting the outrage that Natural Gas will increase by 40%.

Even with a 40% increase Natural gas is still a steal for home owners. Here is Why.

Home owners in Southern Ontario who have natural gas heat their homes cheaper than anyone. Propane, Oil, Electricity are the main alternatives and they are easily all 5-8 times more expensive.

  • Fuel Oil – A lot of homes still use fuel oil as a heating source. It’s an older source and more and more homes are migrating away from it. The January 2014 cost per liter is roughly $1.37. Most homes use between 3000 and 6000 liters of fuel oil per year. That’s over 4000$ a year for heating.
  • Propane – Most homeowners that migrate from fuel oil switch to propane in hopes if reducing home heating costs. Unfortunately propane prices spiked this year and it is now just as expensive. Prices have gone from around 60 cents a liter to over a dollar, basically doubling. Home heating with propane can cost anywhere from 3-6 thousand a year, and even more in cold winters like this one.
  • Electricity – The true cost of electricity is much higher than the 8-12 cents your bill says you’re paying. Deliver, debt retirement, line losses, taxes all add up to a significantly higher cost. If you think you’re saving money by heating only certain rooms in your house with an electric heater you’re sorely mistaken. Some homes also employ electric forced air furnace systems, home owners with these systems easily receive $500+ a month bills.
  • Natural Gas – The biggest part of your natural gas bill probably isn’t even the natural gas you have used, it is the 20$ customer fee that Enbridge charges customers every month. Natural gas is charged by the cubic meter, and current prices are roughly 11-12 cents per cubic meter. Most customers are paying roughly 50-100 dollars a month; this is so much less than any other home heating source. Add that 40% increase that has been proposed… you’re still paying less than half of any other fuel.

 

 

Are you thinking about switching?  I would seriously consider thinking again.

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Canadian Snowbirds

When you head south next winter, don’t pay to heat water you won’t use. Install a tankless and relax knowing that you’re saving money!

The thought of spending up to six months in a warm, sunny US Sunbelt state or Mexico during Canada’s cold winter season is becoming increasingly appealing and popular for millions of Canadian retirees. This trend is increasing every year, as Canada’s population ages and more people seek the “down south warmth”.

There are many matters to deal with and one often overlooked but important aspect is your water heater…

A water heater makes up around 30-40 percent of your homes energy bill and leaving it on while your away is simply a waste of money.  A tankless is perfect for retired people looking to spend extended periods away from their home as the system only makes hot water when it’s needed.  So leaving for the season is easier knowing that your not paying for hot water that you won’t use.

Tankless Benefits

  • A tankless has a freeze protection system, so if your furnace quits while your away during the winter a sensor in the tankless will ensure your system doesn’t burst.
  • If you normally shut off your conventional tank you will need to re-light the pilot, a tankless is self igniting.
  • A tankless can save you energy and money even when you are living home as it only heats water on demand

If your interested and would like to get more information give us a call or fill out the form on the side of this page.  We can answer any questions you may have and work to see if a tankless is right for your situation.