Queen Elizabeth knows the value of a dollar when it comes to running the Buckingham Palace thermostat.

The picture in this story shows how the Royals keep warm during the winter.  Did you catch it yet?

The photo shows the Queen receiving the Australian High Commissioner and his wife in the Audience Room in Buckingham Palace.

If you look into the fireplace, instead of a roaring fire, there is a double bar space heater burning red hot.  This space heater would cost around $46 in U.S. currency.  Buckingham Palace spans around 830,000 square feet.  That's a lot of space heaters!

Queen Elizabeth is known for her thriftiness, especially when she has to make cuts to the Palace's budget in the middle of an economic recession.