Other things to consider. If the storm causes widespread power cuts. The reduction in load caused by the power cut can often lower wholesale prices. And people who have wood fires or coal range's are more likely to light them than use electric heating. As they know it will be cold enough to make lighting the fire worthwhile.
I think you right there. We have adequate heating with 2 heat pumps in the house, but my first thought when I heard of this cold snap coming was that I should fire up the wood burner tonight. Not to save on electricity, but just for fun! Nothing like an evening glass of wine and a warm fire when the weather outside is crap. Our woodburner hardly gets any use these days as the heat pumps are just easier. But this cold snap is definitely going to be an excuse to use it.
I miss mine on days like this, and especially weekends. Be a hard row to hoe to get the wife to authorise a logburner. I could perhaps create some VERY localised power cuts, then have a great idea when we walk past some very cool logburners at the store...
I use to hate my woodburner, we lived in a freezing cold rental many year ago. Zero installation. Had to get up early to get the fire going, sometimes the wood was wet, and wood not burn, sometimes running out of kidding. I vowed back then that I would never rely solely on a wood burner for heating. Ever.
But times change, a woodburner is great when its complimented by heatpumps.
When we moved into our new house it had a wood burner, this house is well insulated, but i installed a heatpump anyway. Woodburner is hardly used, but it is great when we do use it, and really great to not worry about getting it going just to warm up the house.