power rates
It's interesting, a couple of years ago the price of gas on the Energy Label was $.68 per therm, now it is $.91 per therm. Look at your bill, in the winter it is often $1.00 to $1.30 per therm.
I figured that at $.08 per kilowatt hour if gas is $1.40, it is a toss-up as to which is cheaper for water heating (using some assumptions such as .60 energy factor for gas water heat) Here in Sacramento we have SMUD, a municipal utility, and PG&E for gas. Those who have PG&E for electricity, the rates are higher for electricity than the $.08 figure.
For home heating, quite often, an electric heat pump will be cheaper to operate than gas. Especially if the winter doesn't get too cold.
Because virtually every new power plant built in this country in the last few years is gas powered, we now have a larger shortage that before. (We have been importing gas for Canada for a while). Now we will be dependent on foreign suppliers, many of whom supply us with crude oil, for our gas, via LNG or liquified natural gas. Supposedly this will drop the price of gas, which may be true in the short run. I see it as nothing but bad news.
Electricity is generated from many sources, gas, coal, oil, hydro, wind, nuclear. I hope we will move to utilize more of the other sources and ultimately renewable sources. These sources will be more expensive, but more reliable then the foreign souces.
Unfortunately, NONE of the recent administrations seem or have seemed concerened about the situation that this country has gotten itself into.