3 Reasons to Sign Up for Price Protection
Summer is here and the last thing many Cape Cod homeowners are thinking about is their heating plan for the winter season. For the team at Snow’s Fuel Company, there’s never been a better time to weigh your options, especially when enrollment for our price protection programs open in July! Keep reading to learn about what price protection is and how it can benefit you.
What is a Price Protection Program?
A price protection program is a contract offered by fueling providers that allows homeowners to “lock in” a capped price per gallon on their heating oil or propane for a specific period of time, typically a calendar year. With a capped rate plan, your fuel price will never exceed your “locked in” rate, but if the market rate falls below that, you will automatically pay the lower price. These contracts are especially popular in regions with particularly cold winters, like New England.
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Top 3 Benefits of Price Protection
There are plenty of reasons you might want to consider a price protection program, but here are just a few of the most popular:
1. Consistent Heating Costs and Budget Stability
Because you’re “locking in” prices with your fuel provider, you will no longer be susceptible to some of the price hikes that can happen. Knowing the maximum cost of your fuel per gallon means that you can better estimate your monthly household budget, ultimately taking some of the stress that can come with fuel bills during the heating season.
2. Built-In Savings Opportunities
When you choose a capped price protection program, that means you’ll never pay more than the rate stipulated in your contract. Some programs even have downside protection, which means that if the daily market price drops below your contract’s capped rate, you will pay the lower price, saving you money.
3. Peace of Mind During Peak Heating Season
With a price protection program, you ensure your comfort during the winter season. Not only is your rate already set, but you can also sign up for automatic delivery for your propane and heating oil needs. Handling your heating needs now means not having to worry about them later.
Snow’s Price Protection Enrollment Opens in July
If price protection sounds like the best option for your heating bills this winter, Snow’s price protection enrollment is just around the corner. You never know when the cold winter will hit, so you have time to prepare by enrolling in just a few weeks.
Choose between our Pre-Pay Program or Budget Plan and enjoy the rest of your summer knowing that your oil needs for the colder months are already taken care of! Contact our team today with any questions.