Yes, electric heaters have lower running costs than outdated storage heaters. This is in light of the development and increase in quality of modern electric heating technology which allows radiators to convert electrical energy into heat more efficiently.
Also, electric heating controls have improved markedly, with the likes of Wi-Fi thermostats and smart controls offering more functionality than ever, better temperature control and less energy wastage.
For further information surrounding affordable electric heating solutions, explore our blog, Replacing storage heaters with electric heating.