Making big savings with heating oil

Making big savings with heating oil

It’s not often our bills actually go down, but recently home owners using heating oil have been making the biggest savings on energy bills.

Scully Heating Oil Nozzle

It’s mainly rural off grid properties that needed to choose from the different forms of fuel to heat their homes. Those that opted for heating oil are feeling pretty smug right now as they are currently making the biggest savings.

Across the UK, the average price of heating a standard three-bedroom property using heating oil has reduced even further over recent months and is now approximately £142 per year cheaper than that of mains gas, according the latest figures of an independent industry analysts.

The recent fall in barrel price has seen record lows, forcing the price of heating oil down. Those rural home owners using heating oil are now reaping the benefits of the fall and overjoyed at the news that there is no predicted (significant) change in price for the foreseeable future.

Downstream Magazine

According to fuel oil industry magazine ‘Downstream’ oil is much cheaper than other fuels commonly associated with rural properties – 42.5% (£691) cheaper than LPG and 42% (£670) cheaper than electric storage heaters to heat the same average, three – bedroom home.

Malcolm Farrow of OFTEC said, “These latest figures provide great news for rural householders that use oil to heat their homes. Homeowners looking to make real savings on their fuel costs over the coming years and people currently using LPG or electric storage heating should consider switching to oil to save money.”

To find out which fuel is best for you, check out our Oil vs LPG page.

To find out how to switch to using heating oil, please click here to speak to our friendly staff - based in Hampsthwaite.