A Cap Price program is one that establishes a ceiling price for your heating oil next season, meaning your price can go no higher than the set price. It also, however, gives you the benefit of lower oil prices should the market take a downward turn during the heating season.
EXAMPLE: If your capped Ceiling price is $3.90 per gallon, but today’s Floating Retail Price is $3.20 per gallon, you would pay the retail floating price. Should the rate go over your ceiling price you would never pay more then your capped ceiling price. (The best of both worlds) Note: This is only an example as prices may vary due to market volatility.
A Budget Program is a program that spreads your heating bills over 12 months to help make it more manageable. Budgets are based on oil price (TBD) and how many gallons you consume annually.
We can also combine the two programs to give you a capped budget payment for 12 months. Your budget payment will not change the entire season, however, if the prices drop during the season, you will receive the balance at the end of the season.
