Natural gas is more affordable than other major home energy sources.
Heating Value Compared to Other Energy Sources
A piece of equipment with a higher annual fuel utilization efficiency (AFUE) rating provides greater savings for customers. Natural gas furnaces offer the greatest energy savings for customers. A 97 percent AFUE Gas furnace costs only $453 per year to operate, and even an 80 percent AFUE Gas Furnace costs less to operate than the most efficient propane furnace. Other furnaces, including oil furnaces, electric heat pumps, and electric resistance furnaces cost two to four times as much as the most efficient gas furnaces.
Source: U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy
Households that use natural gas for heating, cooking and clothes drying save an average of $874 per year compared to homes using electricity for those applications.
Nationwide Savings: Annual Energy Costs to Residential Consumers
Low domestic natural gas prices have led to savings of almost $50 billion for customers who have used natural gas for heating, cooking and clothes drying over the past four years. Annual energy costs for residential customers using natural gas has been lower than the cost for propane, fuel oil, or electricity since 2010 - and it's projected to stay low through 2040.
Stable and Affordable Prices
Technological advances, an accessible and abundant domestic resource, and the world’s most extensive and reliable delivery infrastructure provide an opportunity to satisfy significant new demand at affordable prices, well into the future. The abundant U.S. natural gas supply continues to grow, leading to stable and affordable costs for consumers.