Daniel Singer, CEO of Robison, the leading home comfort company in Westchester County, NY, suggests taking part in a price capping program to reduce energy bills this winter.
PORT CHESTER, N.Y., Oct. 31, 2022 /PRNewswire-PRWeb/ -- According to a recent report by the U.S. Energy Information Administration, homeowners will be facing bigger home-heating bills compared with last winter, due to higher prices for natural gas, heating oil, propane and electricity as well as slightly colder weather. In addition, the National Energy Assistance Directors Association is noted that predictions say the average cost of heating a home this winter is expected to cost $1,202. That is up 17% from last season.
With that in mind, are there ways to offset the cost so you don't go broke this winter?
Daniel Singer, CEO of Robison, the leading home comfort company in Westchester County, NY, suggests having your heating system serviced by a professional, making sure to seal all leaks in the home around areas like doors and windows.
Singer also suggests taking part in a price capping program like one his company is offering. "The cap on your heating oil price that guarantees not to exceed the contracted cap price. The cap plan protects you from price spikes, but still gives to you benefit of any price drops in heating oil prices."
Cap pricing is a tool, like insurance, to protect your interests and control costs in cases of extreme price spikes. Here's how it works:
- You agree to pay a set per-gallon price for your home heating oil, and you'll never pay above that cap.
- You're protected and don't have to worry about paying more, even when the market price of oil is higher than your price cap.
- Having a cap protects you from market spikes and allows you to take advantage of lower prices when rates drop.
Singer added that signing up for a budget payment plan that spreads costs over 12 months is another way to protect against large bills during the winter months.
Lowering heating bills is never easy but if you follow the energy saving tips and talk to your heating company on ways to save could make a difference in your wallet this winter.
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SOURCE Robison
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