The price of fuel has hit a three-and-a-half-year high as the price of oil continues to climb, putting more pressure on consumers.
Fuel prices have steadily been increasing over recent months and the average price for petrol is now up to 127.22p per litre and diesel is up to 129.96p per litre.
Like petrol and diesel, heating oil prices are linked to global oil prices and are therefore likely to increase over the coming months.
Current Oil Prices
https://www.boilerjuice.com/heating-oil-prices/
What does that mean for Homeowners using Oil?
If you use an oil fired boiler to heat your property, unfortunately these oil prices will affect your heating bills and increase the amount it costs you to heat your home.
Switch to Heat Pump Technology
Further rises in oil prices means there has never been a better time to invest in a Heat Pump which will dramatically reduce your heating bills by delivering 3-4 kWh of heating for every 1kWh of electricity consumed.
At the current prices of heating oil, the cost per unit of heat delivered is significantly lower for Ground Source Heat Pumps compared to fossil fuels, as much as 50% cheaper than Heating Oil.
Contact us now to find out what type of Heat Pump would be most appropriate for your property, how much you could save on your heating bills, and how much you will receive in Renewable Heat Incentive payments for doing so.
Enquire now about a new Heat Pump, and you could have it installed and operational in time for the next heating season.