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The price of natural gas in the US is adjusted to closely match the price of any alternate fuel that can be used by any particular power plant. However, at present costs it is about 4 to 5 cents more or less.
Wiki User
∙ 11y ago
Wiki User
∙ 14y agoThat number changes based on the current cost of oil (daily) - to find the answer convert as:
Current price of crude oil per barrel / 563.107 = cost per Kilowatt hour.
Based on US Energy department figures for: 1 barrel of oil equivalent = 5.80 MBtu and 10,300 Btu per kWh for current thermal conversion efficiencies of 33% and 32% of US power plants.
Wiki User
∙ 15y agoat 1.26 per therm that would be 4.3 cents per kilowatt hour the average cost of electricity is so around 11 cents per killowatt hr so its cheaper then electricity
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