3 Tips To Keep Heating Costs Down
Heating oil prices can really cause a pinch on your household budget, but there are ways you can keep heating costs down. Have a look at Super Saver Oil’s top 3 money saving tips and guidelines on when to buy oil.
1. Adjust your thermostat
Almost half the money spent on energy bills is consumed by heating and hot water costs. It is important to ensure that the thermostat in your home is not set too high and that it is accurate. Turning the thermostat up a few degrees when it’s cold outside won’t help your room heat up any quicker. But by turning down your thermostat by one or two degrees can have a huge effect on your home heating oil usage! By reducing room temperature by 1ºC, you can make a saving of up to 10% off your annual fuel bill.
2. Service Your Boiler
Servicing your boiler is vital. Your boiler could be working harder and using more fuel than necessary to heat your home. Like many items that are in regular use, it is important to have your boiler serviced regularly to ensure that it is delivering optimum efficiency as even a small percentage drop in performance will be costly in the winter. By booking an annual service at least every 12 months, you can improve your boiler’s efficiency and reduce the chance of expensive breakdowns or maintenance issues over winter.
3. Insulate and draught-proof your property
Installing quality insulation can be extremely beneficial and help you save money on your heating bills this winter. A cold draught can cause your home to lose heat, especially older homes, which makes the need to turn up your heating more urgent. Basically, if the insulation of your home is inadequate, heat will escape more quickly causing you to use more fuel especially in the winter. Insulation is an important way of keeping heat in and is an integral part of energy saving.
Don’t forget to also check the insulation in:
- walls – around 35% of heat lost is lost through the walls
- hot-water tank – Put a jacket over your tank or buy one that’s already covered with rigid foam
- attic or roof – Around 25% of heat lost in a typical uninsulated home escapes through the roof
Now you know how to keep costs down, it is important to understand when is the right time to purchase your oil.
When should I buy oil?
Our advice to getting the best deal on home heating oil would be to buy it early and buy as much as you can afford at the time – to benefit from lower cost per unit and delivery charges. Our ‘Super Day Delivery’ option will also allow you to save money on delivery costs by arriving at your home to top up your tank on the cheapest day possible. We know that as the demand for products increases, the price of that product begins to rise. Similarly, as the demand falls, the price decreases.
As the weather begins to turn colder, and the nights get longer, heating oil usage across the UK increases as people spend longer indoors and have the heating on for longer periods. This in turn results in a rise in heating oil prices.
Summer time is usually the best time to buy as demand for home heating oil is greatly reduced in the summer, along with demand for boiler services and plumbing work, you might find that now is the cheapest time to buy, and make your fuel spend average for over the year much more economical. If you can order your oil in the summer, you’ll have your pick of delivery times and there’s also much less risk of there being any delivery issues due to wintery weather conditions.
We know that managing a household budget can often be a challenge and no one likes to get caught out in the cold. Buying oil in bulk in quieter periods could help you see great savings.
You can keep an eye on oil prices daily as they fluctuate to check when the best day is to purchase, however if that sounds like too much effort, why not let us do it for you? We update our prices in line with these market changes so when the price starts to drop, our prices do too, so you can buy with confidence knowing that you’re getting a great deal.
As we move into the summer months, we require less oil to heat our homes as the natural daylight and longer days mean our houses have the chance to warm up without the need to put the heating on. With that being said however, now is a great time to take advantage of lower oil prices and top up your oil tank in preparation for the winter ahead. As oil prices fluctuate every day, there’s no guarantee that the low prices today will still be as low as we move into autumn, especially with tensions in the Middle East strongly influencing the cost of oil.