Table 3 Cost effectiveness of heat systems
From: Maximizing social benefit from finite energy resource allocation
Type | Price | Unit | End-use conversion efficiency (%) | $/MJ |
|---|---|---|---|---|
Electricity | $0.18 | kWh | 99 | $0.052 |
Fuel oil | $0.87 | Liter | 85 | $0.027 |
Wood pellets | $0.27 | kg pellets | 80 | $0.018 |
Natural gas | $0.53 | Cubic meter | 90 | $0.015 |
Maize grain | $0.16 | kg maize grain | 75 | $0.013 |