ABSTRACT
This chapter outlines natural gas costs in comparison to other energy sources and strategies to begin the cost reduction process. The only accurate way natural gas can be compared with electricity on a per unit cost basis is to arrive at a common denominator value that applies to both energy sources. The procedures described in this publication can become valuable tools in reducing natural gas costs. In the scenario of today's natural gas cost instability, now is the time to get started with cost reduction strategies. Natural gas costs are going down and every day that a realistic cost reduction strategy is not utilized the opportunities lost will never be recovered. The process of natural gas cost reduction requires time and expertise, but delaying the process only reduces the savings potential and increases lost opportunities. Frequently, natural gas and electricity compete with each other as energy sources for various uses such as heating, cooling, processing.
