The projected spike in heating costs for winter 2024-25, up to 10%, is attributed to grid failures, rising gas prices, and colder average temperatures.
Filings show that using a space heater can result in heating cost savings of up to $1,000 for larger homes, depending on regional energy prices and usage.
To efficiently use space heaters, homeowners should lower their central heating and target specific rooms with electric heaters for additional warmth.
While space heaters can be economically beneficial, their cost to run varies greatly, depending on size and wattage, making efficiency a key factor.
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