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For decades, the prices of natural gas and oil have been linked, with gas historically being the more expensive option. Over the last several years, the average wholesale price of oil has risen and the price of natural gas has dropped. As a result, some Connecticut residents and business owners are now in a unique position to switch to a cheaper, cleaner fuel source.
Replacing fuel oil with natural gas offers the prospect of lower energy bills. Using natural gas to heat your home or business also decreases the level of harmful air pollution in comparison with fuel oil – and even more dramatically in comparison to coal. A switch to domestically produced natural gas also helps consumers break free from the price spikes that result from a dependence on foreign oil.
In 2013, the State of Connecticut, recognizing the importance of this opportunity to residents and businesses, adopted a number of strategies to help consumers make the switch to Natural Gas in its Comprehensive Energy Strategy. The Strategy proposes to expand the availability of natural gas to as many as 300,000 additional Connecticut homes and businesses over the next decade.
Natural gas is the least expensive way to heat your home. According to an American Gas Association analysis of the Department of Energy's cost projections, a high-efficiency (94 percent) natural gas furnace is the most cost-effective way to heat your home.
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Using the online calculatoryou can compare the cost of heating your
home with natural gas to other common fuel sources - including oil and propane. A similar calculator is available for comparing water heating options.
A Great Value
Natural gas delivers value. It fuels fireplaces, grills, outdoor lighting and appliances such as stoves, dryers and standby generators which not only add value to your home, but provide comfort and convenience.
When consumed directly by the end user, more than 90 percent of the energy value is used. Electricity, measured from the point of generation to the consumer, is much less efficient.
Clean and Safe
Natural gas is clean and safe for your family and the environment. Compared to other fossil fuels, natural gas is the cleanest and produces less harmful emissions which contribute to greenhouse gases.
Piped right to your home, natural gas is always there when you need it - no tanks to monitor, calling around for deliveries or worries about running out of fuel.
The U.S. has a total natural gas resource base of 1,836 trillion cubic feet (Tcf) and a total available future supply equaling approximately 100 years.