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Is This Economical?
Comments
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It doesn't always. Gas central heating has high maintenance costs, high capital costs and high depreciation. On the right tariff electric heating running costs can be about twice that of gas. Night storage electric heating is about 50% more expensive per hour than gas but has no maintenance costs.Remind them that electric heating is costing them approx x 3 times as much as gas CH for the same output.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S)
Loans cost 2.9% per year (Nationwide) = FREE money.
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It doesn't always. Gas central heating has high maintenance costs, high capital costs and high depreciation. On the right tariff electric heating running costs can be about twice that of gas. Night storage electric heating is about 50% more expensive per hour than gas but has no maintenance costs.
And electric is more selective. You can heat one room with an electric system rather than putting the whole c/h system on.0 -
I was referring to the running costs, not the install costs. And the OP's relatives have had the offer of a grant to cover some or all of the capital cost.
A modern gas CH can be selective; zone valves, TRV's, 7 day programmers take care of that. Certainly it would not be economic to heat just one room with CH, but not many people want to restrict themselves to that.No free lunch, and no free laptop
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Why are you wanting them to buy new heaters? Replacing the heaters with the same will not make a difference to the costs. What magical powers are you attributing to Lidl heaters???
Thanks.
So the Lidl Oil-filled Radiator is no better than the fan heater or two bar fire that they have already got?
I thought the Lidl radiator would give them more flexibility cost wise but you are now saying this is wrong.
I know cost should not be an issue but it is!0 -
I was referring to the running costs, not the install costs. And the OP's relatives have had the offer of a grant to cover some or all of the capital cost.
A modern gas CH can be selective; zone valves, TRV's, 7 day programmers take care of that. Certainly it would not be economic to heat just one room with CH, but not many people want to restrict themselves to that.
I know CH would undoubtedly be the better option but how do I convince two seventy odd year old relatives who have been very independent all their lives? They think the running costs will be much higher than what they are already paying!0 -
Thanks.
So the Lidl Oil-filled Radiator is no better than the fan heater or two bar fire that they have already got?
I thought the Lidl radiator would give them more flexibility cost wise but you are now saying this is wrong.
I know cost should not be an issue but it is!
You need to compare the power (wattage) of each device. Different sort of heat from an oil filled (stay hotter but take longer to warm up) to a fan heater (instant heat but immediately cools down).
If the Lidl thing does both that sounds pretty good.0 -
Thanks.
So the Lidl Oil-filled Radiator is no better than the fan heater or two bar fire that they have already got?
I thought the Lidl radiator would give them more flexibility cost wise but you are now saying this is wrong.
I know cost should not be an issue but it is!
All electric heaters of whatever kind are the same efficiency-100%. So any 2 heaters of the same rating will produce the same amount of heat and cost the same to run.No free lunch, and no free laptop
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I know CH would undoubtedly be the better option but how do I convince two seventy odd year old relatives who have been very independent all their lives? They think the running costs will be much higher than what they are already paying!
Central heating will add to the house value. That would be nice for whoever inherits the house. They have the chance to increase the money they leave to their children/grandchildren at no cost to them.A kind word lasts a minute, a skelped erse is sair for a day.0
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