Heating Oil Remains Competitive Against LPG
22nd June 2011
Figures released by independent energy consultant Sutherland Tables, for April 2011 indicate the cost of heating and hot water for an average three bedroom home in Great Britain is now £1,454 per annum using an oil-fired condensing boiler.
An equivalent LPG boiler would cost £1,855 pa or a whopping £2,257.00 a year for a non-condensing model. By scrapping an existing, inefficient, non-condensing LPG boiler and investing in a modern, high efficiency, condensing oil boiler... thousands of British homeowners and householders could save over £800 a year on fuel purchase costs.
Recently appointed Chief Executive of the Federation of Petroleum Suppliers, Mark Askew says, "Although the cost of oil has risen in the last year with the ongoing conflict in the Middle East and particularly Libya cited as one of the main reasons, oil is still an economical choice and cheaper than LPG.
"Last winter saw unprecedented weather which also had an effect on the price of oil so this year we are advising customers to fill up their oil tank in the summer to take advantage of lower prices and also to avoid the situation that occurred last winter.
"Now is the time when householders and businesses should be starting to think about what their needs are going to be for the winter and should be getting prepared.
"Our members understand that times are hard and people may want to wait before ordering fuel, but a lot of oil distributors run payment schemes to encourage customers to have bigger, less frequent deliveries but then spread the payments out over the whole year, helping both financially and ensuring homeowners don't run out of fuel when winter hits. Other ways consumers can save is by switching to a condensing boiler where consumers can save up to 18% on running costs.", explains Mark.
An added benefit of heating oil is that customers own their own oil tank. Unlike some homeowners and householders stuck in the LPG Trap, heating oil customers decide who fills the tank, when its filled and how much fuel they order.
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Article Last Updated 22nd June 2011