MrFixit
Well-Known Member
FYI - I use a simple rule-of-thumb when it comes to gas / electric equivalency.
Simple assumption that makes this easy:
1 kWh gives you 4 miles
1 Gallon gives you 40 miles
That means that 10 kWh is about equal to 1 gallon of gas,
So - Just multiply your electric rate X 10 and that is about what gas would have to cost to be competitive with electric.
In your case, $0.19 per kWh X 10 = $1.90 per gallon equivalent...
You are doing MUCH better than the current cost of gas !
Simple assumption that makes this easy:
1 kWh gives you 4 miles
1 Gallon gives you 40 miles
That means that 10 kWh is about equal to 1 gallon of gas,
So - Just multiply your electric rate X 10 and that is about what gas would have to cost to be competitive with electric.
In your case, $0.19 per kWh X 10 = $1.90 per gallon equivalent...
You are doing MUCH better than the current cost of gas !