May 27, 2016
Heating your home with oil remains by far the cheapest of all major home heating fuels.
New industry figures show average annual heating costs for oil users falling every quarter for the last three years.
The latest Sutherland Tables report* stated the cost of heating an average three bedroom home in Great Britain with oil, is now just £690 per year. That’s 31% cheaper than mains gas, 52% cheaper than LPG and 56% cheaper than electric storage heaters.
OFTEC (Oil Firing Technical Association) director general Jeremy Hawksley comments:
“With three years of sustained falls in the average annual heating costs for oil, the industry has experienced a sustained period of sales growth. Consumers are sticking with oil as the cheapest home heating fuel by far, while homeowners on LPG or electric may consider switching to oil heating as the running costs are currently over £700 per year cheaper”.
Crude oil prices have begun to rise slowly, but they still remain considerably lower than 2 years ago. It’s hard to forecast if the prices will remain this low, so we would recommend checking your tank and if you have room make the most of these fantastic prices.
Visit our website www.rix.co.uk for a free instant quote today.
*Sutherland Tables, a recognised independent source of data on comparative UK domestic heating prices.