Heating Homes With Natural Gas Is Over 40 Percent Cheaper Than Electricity: US EIA

Published on November 13, 2023

Heating homes this winter using natural gas is estimated to cut down energy costs by over 40 percent compared to electricity, according to a recent report by the U.S. Energy Information Administration (EIA). Households using electricity to heat homes are projected to pay $1,063 on average between November and March, according to a Nov. 7 winter fuels outlook report by the EIA. In comparison, households using natural gas are only expected to shell out $601. Region-wise, the biggest difference is in the Midwest, where electric heating is expected to cost $1,213—more than double the gas cost of $581. In the Northeast, gas heating is projected to be cheaper by $704, in the South by $507, and in the West by $417....