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Electric Heaters Are Efficient and Cost-Effective A good electric heater will transform electrical energy into heat efficiently. Then, it will distribute that heat throughout a space utilizing either radiation or convection. An exact digital thermostat keeps running expenses low. By doing this, the heater only operates when required and will not waste electrical power. A storage electric heater can conserve you money on a variable-rate tariff if you use it at off-peak times, such as on extremely cold nights.