For many existing home heating oil customers, faced with increasing utility and oil prices, it is tempting to look at whether there are cheaper options available. However, the reality is that for home owners off the mains gas grid, oil remains a very competitive choice. It compares well with its competitors and, of the alternatives to mains gas, only solid fuel is significantly cheaper but is obviously much less convenient to use.
Modern oil condensing boilers cost about the same to run as wood pellet bio-mass boilers and all-electric heating systems. By contrast, Liquid Petroleum Gas (LPG) is significantly more expensive and, over the last five years, has risen in price faster than any of the other options.
Home heating oil also has other advantages. You can choose who you buy your oil from and shop around easily for the best deal. Oil users can also use the seasonal variation in the price of oil to your advantage. By checking the price of heating oil regularly, and buying during the months when demand is less, it is possible to make very significant savings.