I think that is the delivered cost, not just the cost of the electricity (which is only about 45% of the cost here in New Hampshire).

We have an oil boiler and wood stove. This year and last we added Mitsubishi hyper-heat heat pumps. The wood stove is great, and cheap to operate, but in the ~4 mos. of the shoulder seasons, it often doesn’t make sense to fire up the wood stove (when it’s only cold in the mornings). This is where the heat pumps shine. This winter we will only use the oil heat when the temperature is below 25°F as per this [1] Mass Save site. A bonus of the heat pumps is the AC in the summer, which we now need about 2 mos. of the year.

So we are effectively deprecating our oil boiler. In the next year or so, we may pull out the indirect water heater (which is powered by the boiler) and replace with a heat pump water heater. Then in ~5-10 years when our oil boiler is at EOL, we will likely replace with wood pellets.

[1] https://www.masssave.com/learn/blog/residential/5-tips-to-ma...

For context, electricity costs in some places in the EU are currently at $0.8/kWh (including taxes and other costs). The war significantly inflated these numbers, last year they were around $0.3/kWh.

3x is probably only for Pacific Northwest. I would be curious to know where else electricity is $0.08 per kWh.

New York / New England electricity costs are about $0.25 to $0.3/kWh these days unfortunately.

They appear to be localized to Maine. I'm pretty sure mine is cheaper for natural gas.

You can adjust them for your region.