On May 16, 11:06 am, Meat Plow wrote:
On Wed, 16 May 2007 15:02:38 +0000, Edwin Pawlowski wrote:
"Meat Plow" wrote in message
...
On Wed, 16 May 2007 07:23:11 -0700, wrote:

Living in Quebec which supposedly has the cheapest hydro rates in
North America I'm considering changing from an old oil fired boiler to
an electric boiler.
I have a relatively small house and the much smaller boiler unit, no
more oil tank, cleanliness and apparently faster heating time really
appeals me.
Anyone have thoughts on this?
Thanks in advance

Pretty much a no brainer isn't it?

Not from the numbers I've seen. At 2.40 a gallon for oil, electric has to
be 7.5¢ to break even. Removing and replacing the heating system and
electric service upgrade will cost $3000 to $5000? At 5¢ a kWh, the
payback will probably be 10 years. OK, I agree, it is a no brainer. Leave
it alone.

Exactly.

Thanks for the fast replies.
My present oil furnace is kaput so I have about the same replacement
costs whether oil or electric anyway.
No gas in my area of Montreal.
Another thing about switching to electric is we don't have the big
fluctuations in prices that oil does. FWIW I see oil prices rising a
lot faster than electricity prices.