Heating Oil Prices

Market conditions and their affect on heating oil prices:

Historically, domestic oil prices have changed on a seasonal basis, with lower prices often seen in the summer months. Now, as currencies are impacted by world economic and political events, the price per litre of home heating oil largely depends on global events, and as such can fluctuate on a daily basis.

Heating oil is

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Heating Oil Prices

Market conditions and their affect on heating oil prices:

Historically, domestic oil prices have changed on a seasonal basis, with lower prices often seen in the summer months. Now, as currencies are impacted by world economic and political events, the price per litre of home heating oil largely depends on global events, and as such can fluctuate on a daily basis.

Heating oil is traded in US dollars, so if the pound strengthens against the US dollar, the price of heating oil is likely to come down and vice versa. Supply and demand will also impact on prices, for instance extreme weather conditions will increase demand and this can cause prices to rise, often rapidly.

Graph Fuel LPG OIL

Home heating oil prices are subject to constant change as many factors impact on price. To summarise, global supply, currency markets, events in oil-producing countries, seasonal demand, refinery production/pricing and the weather all have an impact.

At Northern Energy, we take into account daily changes in heating oil prices, other variable factors, and any added benefits a customer has selected in order to compile a total price for delivery on a given date.

Listed below are some of the factors, amongst other things, that may determine the price charged for your delivery:

  • The location of your property
  • Distance from the depot/refinery
  • The number of litres ordered/delivered
  • The ease or difficulty of your individual delivery point
  • Any associated risks
  • Delivery timescale requirements

Heating your home:

Many factors can affect how much it costs to heat your home using domestic oil. These include the size and age of your house, and the amount of insulation in the doors, windows, walls and pipes. Fluctuating weather conditions and temperatures can also make a huge difference to your annual consumption.

We must also take into consideration that people tend to take different approaches to heating their homes. Some prefer not to heat their homes during the day if they are out, and therefore programme the heating to come on sometime before they return, so that they come home to a warm house. Others prefer to leave their heating on constantly, to ensure that the temperature never drops below a certain level. Both of these approaches will use different amounts of fuel, so both will have an effect on heating oil usage and overall cost.

Due to the fluctuation in heating oil prices, weather conditions and individual usage patterns, it is difficult to accurately determine the cost of heating your home over a twelve month period. However, we will be happy to give you an approximate average usage, based on past and present prices and the rises and falls experienced within the domestic heating oil market, as well as your own individual circumstances.

Please call us on 01423 770 666 and provide us with the approximate size and age of your home and we will be delighted to provide you with an indication of how much heating oil you may expect to use, based on UK averages. Alternatively, we can provide you with the unit price of heating oil at the particular time in question.

For help with home heating oil prices, why not consider our Privilege Plus Package*?

The Northern Energy Privilege Plus Package* is designed to make using home heating oil as convenient and affordable as possible.

Direct debit makes payment easy. Choose from either interest free monthly payments or a one off payment to be made each time your fuel is delivered on a due payment date. In addition, our automatic refilling service and emergency boiler breakdown cover ensure that you will always have steady and reliable home heating. Best of all, we will pay the VAT on all your deliveries of heating oil.

Whilst heating oil prices do change on a daily basis, our Privilege Plus Package will help you cope with the changes and effectively manage your bills.

Little changes at home can really make a big difference and help you save money. For energy saving tips, visit our Energy Saving Tips page on our website or speak to one of our friendly team. You will not only save money but perhaps reduce your carbon footprint too.

Please contact our team for more information.

*Terms and conditions apply

What our clients are saying

We had an exceptionally busy period at the pub in summer and ran out of gas from a delivery which would normally have lasted much longer. I rang Northern Energy mid-morning when we discovered our situation and they delivered within 20 minutes! We were all very impressed by the speed and helpfulness of the service which got us out of a potentially very difficult situation. Lunch service went on as normal in our pub.
Thank you, Northern Energy!
Mrs R - Publican
Excellent service , easy to order with polite efficient sales staff. Delivery drivers friendly and reliable, very impressed with all round customer service.  Mrs J
Your telephone is answered quickly and in a friendly manner followed up with call/message of delivery date. Mrs B
My husband and I are very pleased with your overall service and have recommended your service to other people round about. We rate you 10. Many thanks Mrs B
Yes I would recommend you, I score 10. The 'PPP' keeps my tank topped up, no VAT to pay. A very good efficient firm with nice friendly delivery men. Thank you Mr W
Been with you now since 2005 would recommend you to anyone Mr W
Always good service from ring (a day before) to say delivery is on it's way to the tank being filled up, thanks guys! Mr T
Last year I recommended you to my neighbour and he is equally happy with your service. Mrs S
I have just recommended your company to a friend who's just moved into a new home and uses oil. I have given you 10 in ratings. Mr M
We find the whole service really easy & efficient Mrs M
We are new customers, but the one delivery we have had came on time. The driver was very friendly and quick with no mess. Very pleased and no need to go elsewhere! Mrs D
I have always been very happy with the service I've recieved from Northern Energy and in fact have got you 2 more customers in the village. The delivery men are always courteous and I think that goes a long way! Northern Energy get a five star rating from me. Mr C
I am pleased with your automatic top-up system. It saves me worrying about running out and presumably saves you money if you can top up a group of neighbouring customers in one delivery - so win-win. Mr D
We have been very impressed with the service received from Northern Energy. The team are always very friendly and always willing to help in any which way they can. If we are cancelling a delivery there are never any questions asked. Recently we had a new oil tank fitted and the oil was delivered within two days of being ordered (we had allowed up to 5 days). Mr K
As a customer I love the all inclusive package of oil and maintenance that you offer. As a second home owner, we never run out of oil like we do ‘at home’ because you keep us ‘topped up’. Mr C

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