You may have noticed already, but heating oil costs have been rising recently. In fact, since the 1st October prices have risen over 13% (as of 13/10/16). With this in mind, you may be weighing up whether or not you should turn on your heating now, or hold out until November when days get really cold.
So how much extra will it cost to switch your heating on in October?
In a recent survey, we asked over 1,000 heating oil users to tell us when they usually have their heating switched on, and compared this to their yearly usage to find out the cost of an extra month’s heating at today’s current price.
A heating oil user who switches their heating on for 7/12 months compared to 6/12 uses on average 6.7% more heating oil per year. Using the UK average price per litre of 40.40ppl (taken 13/10/2016) we can see what this would equate to per household:
315,000 households could be going cold in October
21% of respondents said they didn’t have their heating on in October, which could mean around 315,000 UK households with their heating switched off. According to the MetOffice, temperatures historically drop 3℃ on average from September to October across the country, so there are potentially hundreds of thousands of people going cold.
According to our study, less than 7% of your heating oil budget will be spent if heating your home in October. If you’re worried about breaking the bank, hopefully our research will give you the peace of mind to stay warm this autumn.
Want to see how much you could save?
Phone our Customer Services team on 0800 151 3135 or fill out our quote form to view instant online prices now!