How can I convert the cost of solid fuel heating to electricity?
To convert the cost of heating, multiply average consumption in litres or m3 for one year by the conversion factor and the heating unit’s energy efficiency. The electricity cost = (qty (litre or m3) x factor (10.79 kwh/l heating oil or 10.53 kwh/m3 natural gas) x energy efficiency of unit (80% if recent, 60% if more than 20 years old) x price of kwh ($0.0733*, D rate as of April 1, 2008)) / energy efficiency of electrical unit.
