Fuel Price Protection Programs Explained in 60 Seconds
If you’re a Snow’s oil or propane delivery customer, you may have heard mention of Price Protection Programs (PPP), but might not have had the time to investigate the details. We’ve outlined the basics below to give you a 60-second snapshot of these programs.
What Are They?
Simply put, PPPs can help add predictability to your fuel costs against factors such as price increases. Depending on the program you choose, you can either lock in a capped price in advance of the heating season, or you can spread your heating season payments out over the course of the year, keeping your payments even and predictable.
How Can I Benefit?
PPPs allow customers to budget their fuel costs for the following heating season. Choose between a Pre-Pay Program and Installment Program for the following benefits:
Pre-Pay Program
- You determine the total gallons you would like to purchase in advance of the heating season.
- A Capped Price (often lower than in-season pricing) is determined.
- Price Protection Insurance option available.
Installment Program
- You determine the total gallons you would like to purchase in advance of the heating season.
- The total fuel cost is divided into 12 equal monthly installment payments.
- Price Protection Insurance option available.