Cost Per Million BTU Calculator
Cost Per Million BTU Calculator
To compare cost per million BTUs, use chart below. Any item in blue font can be modified. Calculations are done automatically within the tables.
Electric
Type
Efficiency $
Geothermal
3.5
$
3.8
$
4.3
$
Heat Pump
1.6
$
2.0
$
Elec. Res.
1.0
$
0.040 3.35 3.08 2.73 7.32 5.86
11.72
Cost per Million BTUs at Various Costs per KWH $ 0.050 $ 0.060 $ 0.070 $ 0.080 $ 0.100 $ 0.120 $ 4.19 $ 5.02 $ 5.86 $ 6.70 $ 8.37 $ 10.05 $ 3.86 $ 4.63 $ 5.40 $ 6.17 $ 7.71 $ 9.25 $ 3.41 $ 4.09 $ 4.77 $ 5.45 $ 6.81 $ 8.18 $ 9.16 $ 10.99 $ 12.82 $ 14.65 $ 18.31 $ 21.97 $ 7.32 $ 8.79 $ 10.25 $ 11.72 $ 14.65 $ 17.58 $ 14.65 $ 17.58 $ 20.51 $ 23.44 $ 29.30 $ 35.16
$ 0.150 $ 12.56 $ 11.57 $ 10.22 $ 27.47 $ 21.97 $ 43.95
Fossil Fuels
Type
Efficiency $
Natural Gas
0.70 $
100,000 0.80
$
0.90 $
Propane
0.70 $
92,000 0.80
$
0.90 $
Fuel Oil
0.70 $
144,000 0.80
$
0.90 $
Cost per Million BTUs at Various Costs per Unit of Fuel (therms & gallons) 0.50 $ 0.75 $ 1.00 $ 1.15 $ 1.25 $ 1.50 $ 1.75 $ 2.00 7.14 $ 10.71 $ 14.29 $ 16.43 $ 17.86 $ 21.43 $ 25.00 $ 28.57 6.25 $ 9.38 $ 12.50 $ 14.38 $ 15.63 $ 18.75 $ 21.88 $ 25.00 5.56 $ 8.33 $ 11.11 $ 12.78 $ 13.89 $ 16.67 $ 19.44 $ 22.22 7.76 $ 11.65 $ 15.53 $ 17.86 $ 19.41 $ 23.29 $ 27.17 $ 31.06 6.79 $ 10.19 $ 13.59 $ 15.63 $ 16.98 $ 20.38 $ 23.78 $ 27.17 6.04 $ 9.06 $ 12.08 $ 13.89 $ 15.10 $ 18.12 $ 21.14 $ 24.15 4.96 $ 7.44 $ 9.92 $ 11.41 $ 12.40 $ 14.88 $ 17.36 $ 19.84 4.34 $ 6.51 $ 8.68 $ 9.98 $ 10.85 $ 13.02 $ 15.19 $ 17.36 3.86 $ 5.79 $ 7.72 $ 8.87 $ 9.65 $ 11.57 $ 13.50 $ 15.43
General Formula:
Cost per unit of fuel
Efficiency
x
x
1,000,000
Fuel content of one unit
= Cost per Million BTUs
Example: Natural Gas @ $1.00, 90% efficiency, 100,000 BTUs/therm
$1.00 0.90
x
1,000,000
= $ 11.11 Per million BTUs
x
100,000
Working Calculator: Fuel Type: Natural Gas
$1.25 0.90
x
1,000,000
=
x
100,000
(This working calculator does not affect the table above.)
$ 13.89 Per million BTUs
Fuel Content Values:
Electricity
3,413
Natural Gas 100,000
Propane
92,000
Fuel Oil
144,000
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