Isn't gas a LOT more efficient, and therefore more cost-effective, in the long run?
Consider this: unless you live here in Winnipeg (Manitoba is a large exporter of our cheap hydroelectricity) and are paying ~5 cents per kWH, of which the efficiency is not all to important (being hydro, and all), the efficiency of your power generation is a concern. Best case, you have a ~60% efficient combined-cycle gas plant. This electricity is then transmitted to your home, going through multiple transformers/wires on its way, incurring perhaps a 1% 'efficiency detraction'. Then, this energy is once again converted -- this time into heat in your drier's heating coils....much of this energy is wasted. If the drier is say...30% efficient (correct me if I'm wrong, as I'm guessing), then that leaves you with an overall efficiency of 17.7% (.59 * .3)..which I'm thinking is an optimistic result.
Now, compare this to the ~40% (educated guess, correct me if I'm wrong) general efficiency of gas-fired applicances. I don't know how the costs are like in your area, but this could amount to a good deal of savings in the long run.
Basically, any electric applicance's efficiency is automatically based on the low efficiency inherent to power generation. (So don't kill me for being off by a few %

)
-ben