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Cost of buying all electric house versus one with gas

2

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Look ahead. The days of gas are numbered. Worth waiting to see what alternatives start to emerge.
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    While it's a factor now I suspect that the current growing concern about global warming will lead to curtailed burning of gas in the not too distant future. I wouldn't be surprised to find that legislation bans new installations by 2025 and prohibits the supply of gas for domestic purposes by 2035, by which time everyone will need to use electricity for cooking and electricity or heat pumps (or alternatives such as geothermal for those with access to it) for heating.


    Cross posted with Thrugelmir.
  • Mutton_Geoff
    Mutton_Geoff Posts: 4,084 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Getting a new gas main connected shouldn’t be that expensive if the supply is nearby (ie neighbour has it). I recently had a new supply to an annexe and connection from main road approx 3-4 metre run was less than £400.

    Energy supplier put the meter in for free.

    For comparison they wanted £6,000 to move the electricity feed a few metres (I extended the meter tails instead) and £7,000 for new water so I tapped off the main house instead.

    As mentioned above, a kilowatt of gas heat is about a quarter of the cost of electric heat though electric heaters are 100% efficient whereeas gas boilers less than 100% but plenty of potential losses in heating voids through hidden pipework with a gas CH system.
    Signature on holiday for two weeks
  • Nick_C
    Nick_C Posts: 7,677 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    Storage heaters manufactured since 1973 do not contain asbestos.

    If the storage heaters might be 45 year's old (how old is the house?) then check here:-

    http://www.storageheaters.com/storage-heaters-asbestos.htm

    If they don't contain asbestos, then dismantle them. They will be full of heat bricks and are very heavy, but a few bricks at a time can be moved easily. I replaced the old (1960s) heaters in my last flat. They were listed as containing asbestos. I dismantled them myself wearing a disposable suit, overshoes, head covering, and suitable mask. The only asbestos I found was small insulation pads under the feet of the heater.
  • parkrunner
    parkrunner Posts: 2,610 Forumite
    Eighth Anniversary 1,000 Posts
    Personally I'd value them the same.
    It's nothing , not nothink.
  • markin
    markin Posts: 3,864 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    edited 20 April 2019 at 8:38PM
    I wonder if It may be worth spending 5k on solar instead, Now FIT has ended, it will depend on what the providers are willing to pay for the power.

    5kw system, 4500 kWh electricity produced annually.

    Octopus Energy has sought to “replace and improve” upon the now defunct export tariff with its own iteration.
    The Outgoing Octopus tariff will replace the export tariff and financially reward its customers who generate their own panel and export what they do not use back to the grid.
    Octopus has launched two versions of Outgoing Octopus; one that pays a flat rate of 5.5p per kWh of exported electricity and another, dubbed Agile Octopus, which will see the supplier pay a variable rate based on day-ahead prices which will be disclosed by Octopus the day before.
    The supplier claims that customers signed up to the standard tariff could earn as much as £287 each year through the sale of excess power, contributing significantly to rooftop solar economics.
    Just under 19 year pay back, but its not guaranteed you will get that deal for 19 years. but then self consumption could be 40% if your home.


    E.On’s solar reward will only be paid to the first 500 customers 5.5p and will only be paid for one calendar year, after which it is expected that the SEG will either be in place or close to being implemented.
    .................................................................................

    I would want at least 10k off to fit a new system and insulate.
  • Albala
    Albala Posts: 310 Forumite
    100 Posts Second Anniversary Combo Breaker
    A relative has modern storage heaters- they are, I'm told, far more efficient than the old ones. So how old re yours, any idea?
  • markin
    markin Posts: 3,864 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    edited 20 April 2019 at 8:51PM
    Albala wrote: »
    A relative has modern storage heaters- they are, I'm told, far more efficient than the old ones. So how old re yours, any idea?


    All electric heaters are 100% efficient, now if they found a way to store it and only release when wanted that's different, but the is a lot of marketing bull... out their.

    It may be cheaper to install a air source heat pump, that can be used as air con in summer.
  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    markin wrote: »
    All electric heaters are 100% efficient, now if they found a way to store it and only release when wanted that's different, but the is a lot of marketing bull... out their.
    They could have installed infra-red heating, which is more efficient than room heating.
    Changing the world, one sarcastic comment at a time.
  • datlex
    datlex Posts: 2,252 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Do you have to stick with storage heaters? Could you look at alternatives- underfloor heating for example.
    Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.
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