Good as a source of heat, perhaps (3)
I believe the answer is:
gas
'a source of heat perhaps' is the definition.
'good as' is the wordplay.
'good' becomes 'g' (abbreviation).
'g'+'as'='GAS'
(Other definitions for gas that I've seen before include "American fuel" , "Petrol (USA)" , "Hydrogen or methane, say" , "Chatter vapidly" , "Hydrogen possibly" .)