According to my Efergy it costs me 36 cents ( 2.2Kwh * 0.16 ) to run my geo per hour in first stage. So my costs are pretty similar to yours. I have a 4 ton Waterfurnace.According to my energy monitor it cost me $13.27 for all my electric on 1/7/2015. It usually costs me about $6.00 per day during non heating season. So it roughly cost me $7.27 to heat my home on the coldest day of the year. A bag of pellets is $5.99 in my community. I would have needed at least one and a half bags yesterday.
I'm with you on that, and I don't even have the heat on at our place in FL. Buddy of mine outside Roanoke, VA sent me a shot of his TED energy monitor this evening: 120kWh by just 6pm today. Last night, he sent me a photo of his IR thermometer pointed at the wall: showed the wall was 43.5°F on the inside, and that was near the gas fire place!! His house was built in the 1920's.I guess I like the idea of not making the electric company any richer than what they are.