Gas or electric: Which should you be using to cut costs?

Energy prices are spiralling. So, which is cheaper right now - gas or electric?

Answering the question is Mark Nelson, business engagement manager with MaCaW, the University of Central Lancashire’s Making Carbon Work project, part-funded by the European Regional Development Fund (ERDF) and supported by Boost, Lancashire’s business growth hub.

Generally speaking, gas tends to be cheaper than electricity, but…

• Electricity tends to be more efficient - so you get more for your money
• Some sectors favour one over the other – restaurateurs, for example, have traditionally favoured gas hobs and ovens for the even cook and immediate response – although that’s changing
• If your business trades on its environmental credentials, electricity is the way forward as currently most gas is 100 per cent fossil fuel

Control your own energy destiny

Perhaps the biggest factor is security of supply and guarding against rising costs. Generating your own electricity can mitigate price rises and reduce your dependency on fossil fuels.

What if you mainly use gas?

It’s easy to generate your own electricity. But gas-dependent businesses can’t generate their own gas. That’s why it’s time to start planning how to switch your equipment to electric, so you can realise the benefits of generating your own power.

MaCaW can help.