Is electricity cheaper than petrol/gasoline?
Given the ever increasing price of petrol of late I thought I would have a look at how much it would cost to buy the same amount of energy that a liter of petrol contains from the electricity grid.
According to sites on the net that I have looked at a liter of petrol contains around 34.831 Mj of energy when burnt and in Sydney Australia we pay two prices for electricity $0.123298 for peak demand power and $0.044939 for off peak power per kilowatt hour.
That give us a cost of around $1.19 for peak demand electricity and $0.43 for off peak power for the 34 Mj that are in a liter of petrol/gasoline . Given that we are currently paying around $1.35 for a liter for petrol/gasoline its food for thought. These figures are in Australian Dollars and are based on prices in Sydney Australia so it might be worth people from around the world adding calculations for their locations.
These calculations are only very rough and I am not taking into account engine efficiencies or things like regenerative breaking its just a talking point.