Is a Price Protection Cap Plan Worth It For Heating?
As the weather gets colder, demand for heating fuel goes up and the price per gallon increases. But by signing up for a Price Cap Protection plan, you can lock in a lower rate now and protect yourself from any oil price spikes in the future. We have found that our Price Cap Protection plan offers better value to our customers than a Fixed Price plan, because you’ll pay less per gallon if oil prices drop.
To learn more about Price Cap Protection from SOS Xtreme Comfort, contact us at (973) 827-8179 in NJ, (570) 618-8055 in PA, or (845) 351-4700 in NY.
What is Price Cap Protection?
A Price Cap Protection plan allows you to pay a small fee to set a fixed price for your heating fuel during the winter, which saves money when prices inevitably become higher during the colder months of the year. Once you sign up for a plan, we set a maximum price per gallon (cap price) that will never go up, then help you determine the number of gallons you want to price-protect for the year. If the cost of oil goes down during your plan year, you will always pay the lower price, but if oil costs increase, you are locked in at your predetermined rate and don’t pay the higher price per gallon.
Price Cap Protection Plan Pros and Cons
- It makes budgeting easy with predictable fuel costs.
- It offers peace of mind against unexpected price spikes.
- If prices go down, you pay less.
- Automatic delivery conveniently ensures you never run out of oil when you need it.
- If you underestimate the number of gallons you need for the year, you’ll either pay market price for any overage needed or you can sign up for additional Price Cap gallons at a new rate.
- If oil prices don’t go up significantly, you may pay more for your fuel overall.
- In the event that you overestimate the number of gallons you’ll need for the year, Price Cap gallons are nonrefundable.
Choose SOS Xtreme Comfort for Your Heating Fuel Needs
Family-owned and -operated since 1934, SOS Xtreme Comfort is one of the leading providers for residential propane and heating oil in Orange, Ulster, and Sullivan counties in New York; Bergen, Passaic, and Sussex counties in New Jersey; and Pike County in Pennsylvania. We’ve been serving our community for over 80 years, and our good reputation means everything to us. Your service technician will thoroughly explain your options and answer any questions you may have to help you make informed decision about your heating needs; we only make suggestions that are in the best interest of our customers. We only use the best-quality products available; our Ultra Clean Heating Oil includes the best detergents and anti-gels to ensure a clean burn and prevent freeze-ups. The entire SOS Xtreme Comfort team, from our customer support specialists to our expert technicians, will always strive to ensure you are completely satisfied with all of our products and services.
If you’re ready to save on your heating costs, contact SOS Xtreme Comfort at (973) 827-8179 in NJ, (570) 618-8055 in PA, or (845) 351-4700 in NY to sign up for a Price Cap Protection Plan today.