Fuel Switching

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Heating your home or small business with oil or propane? Learn about the benefits of switching.

We're working to ensure Ontarians understand the potential benefits and savings associated with switching their space and water heating fuels to electric heat.

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Here are a few reasons to consider making the switch:

Oil Equipment

  • Higher costs*

  • Regular maintenance to keep equipment clean and working effectively

  • Requirement to keep your tank full and arrange oil deliveries

  • An oil-based heating system increases potential for environmental hazards and insurance costs may be higher**

Propane Equipment

  • Higher costs*

  • Missing a delivery of propane could mean your home heating is interrupted

  • Tank fillings require regular deliveries by a propane supplier

  • As propane is a non-renewable resource, there are other more environmentally friendly options

*Bill savings were determined by collecting information on propane and oil heating costs from publicly available data on NRCAN (as of February 2021) and the National Energy Board’s (as of October 25, 2017) websites. This information, along with Hydro One’s data on current electricity rates (as of May 2021), was compared on an equivalent BTU (British Thermal Unit) basis to determine which fuel provides the least cost heating alternative.

**According to the insurance webpage of a Canadian chartered bank.

Already have an electrically heated home or business?

Learn how to maximize your efficiency here .

What does it cost to heat a typical home in Ontario?

The graph shows historical residential heating for the period 2006-2019 for propane, oil, and electricity.

Annual heating costs were determined by collecting information on propane and oil heating prices from publicly available data on NRCAN’s website (as of Dec 31 2019). Oil heating costs for the period 2006 – 2015 were extrapolated based on data from the National Energy Board’s website (as of October 25, 2017). This information, along with Hydro One’s data on current electricity rates (as of May 2019), was compared on an equivalent BTU (British Thermal Unit) basis to determine annual heating cost for each fuel.




Benefits of switching

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Increased
savings

furnace

More efficient - no energy waste via exhaust


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Cleaner air in your home or business

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Less required maintenance

Wrench and list

May reduce insurance costs

Clock

Lower GHG
emissions

Sun

Lower risk -
no oil spills

Sun

Increased
convenience

Fuel switching calculator

Use our calculator to compare the annual cost of heating with oil or propane with an electric furnace. Note, the calculator outputs do not apply to seasonal homes.

What is your current heating fuel type or the type of fuel you'd like to compare?

Oil

Default values have been provided. These values are based on current typical averages. These values can be used or you can input different values from a bill or other source.

  • Litres of fuel you used in the most recent heating season (Oct - April):?You can find this information on your oil invoices or you can contact your fuel supplier

  • Total cost of your fuel in the most recent heating season ($):?You can find this information on your oil invoices or you can contact your fuel supplier

  • Other annual costs for your furnace other than standard maintenance:?You can find this information on any service bills/invoices from your heating equipment contractor

  • Furnace efficiency (%):?You can typically find this information displayed on your furnace label

Propane

Default values have been provided. These values are based on current typical averages. These values can be used or you can input different values from a bill or other source.

  • Litres of fuel you used in the most recent heating season (Oct - April):?You can find this information on your propane invoices or you can contact your fuel supplier

  • Total cost of your fuel in the most recent heating season ($):?You can find this information on your propane invoices or you can contact your fuel supplier

  • Other annual costs for your furnace other than standard maintenance:?You can find this information on any service bills/invoices from your heating equipment contractor

  • Furnace efficiency (%):?You can typically find this information displayed on your furnace label

The calculator provides general estimates on what energy costs may be expected from the heating systems being considered. The total lifetime cost of a heating system is the cost to buy and install the heating system plus the annual energy cost over the life of the heating system. All such estimates are based on information received from the user of the calculator and Hydro One is relying solely on the information and representations being made by the user, and the actual costs could vary based on other external factors such as weather, and the manner of using the equipment. Bill savings were determined by using Hydro One’s data on current electricity rates (as of May 2021), compared on an equivalent BTU (British Thermal Unit) basis to determine which fuel provides the least cost heating alternative. The annual heating costs presented by the calculator exclude the cost of converting to a different heating system, which may be significant. Hydro One recommends that you speak with a licensed heating contractor to get quotations on a new space or water heating system to better understand the total cost of switching heating systems. Hydro One does not make any guarantees, representations or warranties regarding the above estimates.

It's easy to switch!

We are working with several manufacturers and retailers to offer point of sale rebates on electrical equipment. Installation must be completed by 1Click or Reliance in order to qualify for the rebates.

Save up to $1000 on selected equipment!

Call today for an initial assessment.

1Click logo
Reliance Home Comfort logo

For general questions regarding our fuel switching program, please contact conservation@hydroone.com.

Hydro One is not affiliated with or involved in any installation work or equipment sale and does not guarantee any work done or equipment sold by these manufacturers, retailers, participating contractors or any others. Please consult your contract documents.

Never worked with a contractor before?

Here's what to ask:

1
Can you provide the names of three client references?

2
Will you provide an itemized list and proof of warranty?

3
Do you have general liability insurance?

4
What is your servicing and maintenance schedule?




Fuel Switching FAQs

Why are you promoting fuel switching?

Why should I switch?

How much can I save by switching?

How easy is it to switch?

Can my current electrical panel accommodate electric space/water heating?

Why isn’t natural gas included in the comparison?

Are there any rebates or incentive programs available to switch from oil or propane to electric space or water heating?

What happens if electricity prices rise substantially or oil/propane prices fall after I switch?

Is Hydro One affiliated with the companies listed on the brochure/website?