05.07.2009
An imperial unit of energy largely replaced by the metric equivalent equal to 29.3071 kilowatt hours or 100,000 btu or 29.3071 KWH. If one had the price of natural gas in therm and one wants to convert it to the price per mmbtu one needs to multiply by 10 (50 cents per therm = $5 mmbtu).
If one has the price of natural gas in pence per therm and one wants to convert it to $/mmbtu, this is equivalent to $0.1565 per mmbtu. Thus a natural gas price of 22 pence a therm would be equal to $3.44 mmbtu
Clause often inserted in tender processes whereby the government states that it has no obligation to accept the highest bid from the financial point of view or any of the bids if none of them are found to be suitable