For decades, the federal Clean Air Act has caused sulfur levels in electricity-generating gasoline and oil to fall dramatically. The results have been enormous. According to one study, the benefits of EPA regulations on sulfur (and nitrogen) have exceeded costs by 30 to 1. Most of these benefits have to do with public health.
After last winter’s relative warmth and Mass Energy/PP&L prices mostly under $2 per gallon, this year we’re experiencing colder weather and somewhat higher prices. Both the colder weather and today’s prices are still lower than ‘normal’ by historical standards. Here’s our take on what we see happening in the oil markets.
As non-profit consumer advocacy organizations that have been running a Discount Heating Oil Service for 34 years, Mass Energy and People’s Power & Light want our members to save money. Savings that could be put towards making your home more energy efficient and reducing its carbon footprint. Here are some steps you can take to maintain your heating system’s efficiency, reduce your home’s energy consumption, and spread out your oil bills into predictable monthly payments.
Updated: August 10, 2017.
Compared to many years ago, the last few heating seasons have shown moderate prices and very little fluctuations. According to the federal Energy Information Administration (EIA), the inventory of distillate oil (which covers heating oil and diesel fuel) is high. As a result, the likelihood of a price spike is quite low. However, the EIA does project a modest price increase of about 20 cents per gallon on average in the US between now and mid-winter.
On October 6, the Federal Energy Information Administration (EIA) projected that heating your home with oil will cost 25 percent less than last year and heating your home with natural gas will cost 10 percent less due to a nice combination of lower prices and a forecast for warmer weather. Temperatures for each month from October through March are expected to be higher than the 10-year average. For heating oil customers, this winter could cost $500 or $1000 less than last winter.
Tags: heating oil
There is good reason why the popularity of heat pumps has risen dramatically in recent years. Advancements in technology have made Cold Climate Air-Source Heat Pumps (ccASHPs) a safe, comfortable, convenient, and efficient source of heating, even in cold climates like Massachusetts. Much like your refrigerator, air-source heat pumps work by moving heat into or out of a building. Because they don’t burn fuel, they can improve air quality, both indoor and out. Furthermore, ccASHPs can also cool, dehumidify, and integrate nicely with solar PV systems.
Is there such thing as peace of mind when it comes to heating oil bills? A budget plan may be the answer. Signing up for a heating oil budget plan through your oil dealer is a good way to spread out your oil bill into 10 to 12 monthly payments, making oil bills more like a regular utility. Your cost is fairly even and there are no surprise huge oil bills that sneak up on you. It also helps dealers plan, reduce their costs and become more efficient.
Tags: heating oil
This heating season, not quite done, has been one for the record books. Huge amounts of snow, very cold weather, but also a big drop in oil prices compared to last year categorized the winter. And it’s been the best year for Mass Energy/People’s Power & Light Discount Heating Oil Service members in a long time. Compared to surveys conducted by the state energy offices in Massachusetts and Rhode Island, throughout this winter our members have paid 44 cents less than full-service dealer prices in Massachusetts and 35 cents less than full-service dealer prices in Rhode Island, after adjusting for heating degree days.
Heating oil prices are surprising everyone, including the major oil producers such as the Saudis and the US Energy Information Administration (EIA).
Tags: heating oil
Is there such thing as peace of mind when it comes to heating oil bills? A budget plan may be the answer. Signing up for a budget plan through your oil dealer is a good way to spread out your oil bill into 10 to 12 monthly payments, making oil bills more like a regular utility. Your cost is fairly even and there are no surprise huge oil bills that sneak up on you. It also helps dealers plan, reduce their costs and become more efficient.