So how does the TOTAL cost of natural gas compare to electricity? And to oil and propane?
The total cost for January 2022 is $19.70 per GJ for residential customers.
Let’s do an apples-to-apples comparison by comparing the alternatives for January by taking the current Liberty Utility Gas price and the current delivery rate and seeing what they would equal in Kilowatt hours and liters of oil/ propane:
- Compared to electricity: natural gas is $0.071 per kWh (NB Power Rate is $0.1118)
- Compared to oil: natural gas is $0.76 per liter (Natural Resources Canada average is $1.24)
- Compared to propane: natural gas is $0.50 per litre of propane (Estimated market average is $0.85)
At the end of the day, natural gas costs less the alternatives.
Click here for Historical Pricing.
Note: Customer have a choice when it comes to buying natural gas supply though, so choosing the right natural gas marketer can make a difference when managing their energy bill. Here is the list of natural gas suppliers and marketers in New Brunswick.