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Thanks to good ole Ben Franklin and his kite we have electricity in our lives. Electricity is the easy alternative to burning fuel. With the flick of a switch you can turn on more and more devices (like cars and even pool heaters).
Pool heaters work similar to an electric oven. The electricity heats a coil, which in turn heats up water. For the most part, these heaters are cheaper to buy than their gas counterparts. However, paying the electric bill is on average more expensive than filling up a propane tank. So, in the long run the gas heater will save you more money.
*If you're looking for heating speed, electricity doesn't match the firepower of gas.