GAS PRICE COMPARISON

The world has been constantly growing and evolving at a great speed. This means there is a steady and a large requirement for energy and fuels. With limited resources and maximum demand, choosing an affordable energy source is only sensible. Options for energy such as oil, natural gas, biofuel, and petrol differ in terms of efficiency, price, and performance. As the population grows, the need for energy resources goes up, limiting the affordable prices at which they were once sold. Depending upon the availability, the demand, and the consumption of these resources, the price rates go up and down.

Oil vs. natural gas comparison

Oil prices have been up for a long time now and natural gas is affordable to every homeowner. Since there is a constant demand for natural gas and there is huge availability, the prices of the latter are less likely to fluctuate or go up in the foreseeable future. Environmentally, natural gas has considerably low carbon emissions than oil, but the hydraulic fracturing of natural gas harms the surrounding ecosystems and the regional water quality. While some are adopting more renewable energy resources like thermal and solar, the conventional selection of natural gas still remains. Depending on the current market scenario, natural gas prices can be less than other fuels. Natural gas in comparison to oil is clean, safe, and reliable. An abundant supply of it makes it the most affordable fuel for all your energy needs. Natural gas, a domestically produced gaseous fuel, is readily available through the existing natural gas distribution system.

Electricity vs. natural gas

When it comes to gas, The largest component of natural gas is methane, a compound with one carbon atom and four hydrogen atoms (CH4). However, there are two types—natural gas or liquefied petroleum gas (LPG). Natural gas in comparison to LPG needs a network grid with which it will work on. While not every house has a gas grid installed, it is best to have an efficient and affordable energy solution. Natural gas is the cleanest conventional fuel in use. It produces around 45 percent less carbon dioxide than coal, which means there are fewer greenhouse emissions than any other fuel. Natural gas uses less fuel to get the work done in a considerably less amount of time.

While every house has access to electricity, it’s generally more expensive than gas and creates more harmful emissions than gas. However, certain appliances can work only with electricity and not gas. An electricity vs. natural gas comparison might conclude that natural gas is cheaper than electricity in the long run, but it has a downside when it comes to short-term savings. Overall, natural gas proves to be the better option for those with the luxury of choice.

Costs of choosing natural gas

Installation of a gas line

Old homes and buildings often don’t have a gas line and this needs to be installed. Certain new homes may have a gas line in the laundry room or utility area, but not in the kitchen. Adding a gas line can cost more, depending on the distance from the gas meter, the size of the line, and work required.

Volume

In the case of bottled gas, the cost mainly depends on the volume bought. The more you buy, the less it will cost.

Energy bills

While dealing with energy, it is necessary to understand the rates and costs involved in buying these energy resources. Like any commodity, natural gas in comparison to other types of energy is also subjected to the fluctuating prices on the open market scene. Energy bills contain two types of costs, which are the fixed standing rate charge and the price per unit. Certain energy companies also accept online payments and are charged exclusively. Online payments are still the most competitively priced and they help save you the most money.

Saving costs and energy

Take regular meter readings

Make sure to check your meter every time you receive a bill, instead of putting your trust on an estimate provided by the energy company.

Switch off when not in use

A major part of your wallet and the environment can be saved if this is followed regularly. Do not waste energy and do not put yourself in a position to pay for energy that has not been used.

Switch over to online payments

Savings up to 10% of your usual payment can be done.

Be sure to avoid prepayment meters

Start to use a billed meter. It is definitely worth it for the savings you’ll have in the future.

Special deals

Some energy companies offer special discount deals, which will help you if you are in any financial difficulty.

Dual fuel

Having an alternate source of energy is actually helpful in saving a lot of money.

Energy-efficient appliances

Using an energy-efficient appliance is an easier way for cutting down energy bills.