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IRVING PROTECT

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Plan now – so you can enjoy your summer

Enjoy your summer by planning next heating season’s costs today. With Irving Protect, you have the option to choose variable, capped or fixed heating fuel price – and then select from other available options like automatic delivery, and your choice of payment plans – to have the fuel program that works for you.

Visit us at irvingenergy.com/irvingprotect to get all of the information you need to decide whether variable, capped or fixed pricing is right for you. Our Interactive Decision tool will help you weigh your options. You can also visit our blog for more Irving Protect information that will help make your decision easier.

 

If you would like more information or to receive a quote, give us a call at 1.888.310.1924 or Contact Us Online.

 

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Commercial Fixed Price Program Now Available

We are pleased to announce our commercial fixed price program is now available for propane and heating oil.

This year, for the first time, we are offering a 12 month fixed price option on propane in addition to heating oil. This is a good option for customers who simply want the comfort of knowing what their price will be for an entire year.

We understand there are many things to worry about when you are running a business. Fixed pricing is an easy solution for business owners that need to stick to a budgeted energy cost and focus on growing their business.

If a 1 year fixed propane or heating oil price offer is not for you, we have other pricing options to suit your business needs.

Whatever you decide, Irving Energy encourages you to have all the facts so you can make a decision that’s right for you. We’ll provide you with the resources and information you need to make the best possible decision. If you have any questions, or would like to lock in your price now, give us a call at 1.888.310.1924. We’re here to help.

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Heating Oil Cap Pricing Plans – Questions to Consider

A cap pricing plan allows you to cap the price of your heating oil gallons and receive all your gallons for the upcoming season at no higher than your capped price. Many consumers enjoy the peace of mind that a cap pricing plan offers since it is nearly impossible to predict where heating oil prices are headed.

Our Heating Oil Cap Pricing Program may be a good choice for you. But what should you ask yourself when deciding whether to sign up for a cap pricing plan? Here are four questions to consider:

  1. Do you worry about the unpredictable prices of heating oil?
  2. Knowing that heating oil prices could go up or down, is it important to your peace of mind and home finances to know the maximum you’ll pay for heating oil this winter?
  3. Do you typically pay a little extra for insurance when you purchase items like major household appliances?
  4. When planning your annual expenses, do you set and stick to a budget?

If you answered yes to these questions, then you may want to consider a Cap Pricing Plan.

Whatever you decide, Irving Energy encourages you to have all the facts and weigh the benefits so you can make a decision that is right for you.  Take comfort in knowing that Irving Energy will provide you with the resources and information you need to make the best possible decision this heating season. View our Cap Plan and Payment Options.

If you have any questions and want to talk to a knowledgeable Irving Energy representative, feel free to give us a call at 1.888.310.1924.  We’re here to help.

Check out our other articles on Cap Pricing Plans.

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Heating Oil & Propane Cap Pricing Plans: Reasons For and Against

Enrolling in a cap pricing program may be a good investment this year.  With Irving Energy’s Cap Pricing Plan, you’ll pay no more than your capped price, allowing you to budget your household expenses more efficiently. And if prices go down, you’ll pay the lower price.

Reasons to Sign Up for Cap Pricing this Year:

We don’t know where prices are headed, and with all the market uncertainty, prices could just as easily climb or drop. If you’re worried that prices may go up, for an additional fee you can cap your heating oil price and you’ll pay no more than your capped price. And if prices decrease, you’ll pay the lower price. This makes budgeting easier, because you’ll know the most you’ll pay for your heating oil and will be able to set aside money ahead of time and not worry about rising prices.  You pay for the peace of mind, just like when you pay for insurance on a major purchase. Last, if prices drop, then you will have some money left over that you can use on other bills or for something fun.

 

Reasons Not to Sign Up for Cap Pricing this Year:

Signing up for a cap pricing plan costs more since there is an added fee and you only benefit if heating oil prices rise beyond the cap price. It costs more for the heating provider to offer it , because they need to purchase the insurance from another company in case heating oil prices rise. It’s a real cost and they pass on this cost to the customer.  The price will need to rise higher than the cap price and the cap fee for the consumer to benefit.  If you aren’t worried about where prices are headed, then it’s better to save the money and stay on a variable price plan for your heating oil.

 

Whatever you decide, Irving Energy encourages you to have all the facts and weigh the benefits so you can make a decision that is right for you.  Take comfort in knowing that Irving Energy will provide you with the resources and information you need to make the best possible decision this heating season.

If you have any questions and want to talk to a knowledgeable Irving Energy representative, feel free to give us a call at 1.888.310.1924.  We’re here to help.

 

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Will Heating Oil and Propane Prices Drop this Summer?

Price protection is open and customers are calling us to inquire about locking-in their heating oil and propane prices.  For customers who locked-in last year, the first reaction we are getting is “Wow.  Propane and heating oil prices are much higher this year than last year.”  If you haven’t been following oil prices, the 30%+ increase since last summer can come as a shock.

Why have heating oil and propane prices gone up?

Crude oil prices rose to over $110 in April due to real and anticipated economic growth from around the world, concerns of oil supply from the Middle East, and speculation.  Since then prices have fallen to around $95 a barrel at the time of writing.

Where will heating oil and propane prices head this Summer?

Customers want to know what we think will happen to heating oil and propane prices this summer.  Will they go down?  Will August be a better time to lock in?

Many customers believe prices will fall, and that’s certainly a possibility.  Unfortunately, not even the most well regarded experts know where prices are headed.  Heating oil and propane prices may continue to go down this summer or they could go up.  There constantly seem to be surprises in the news that affect heating oil and propane prices (e.g. emergency release of crude oil inventory reserves, lower than expected OPEC production, lower than expected growth of the Chinese economy, etc).  Prices change with every new development and it’s hard to keep track of them all.

If you are interested, here are some factors that could make heating oil and propane prices go up or down this Summer.  For a more complete list and a very detailed understanding of what makes crude prices go up and down, you can go to the US Energy Industry Administration and check out their extensive information on factors affecting crude prices.

What Will Make Prices Go Up or Down?
Higher PricesLower Prices
• Higher than expected world economic growth
• A weaker US dollar
• Unrest in the Middle East
• Decreased OPEC production
• Lower than expected world economic growth
• A stronger US dollar
• A stable Middle East
• Increased OPEC production

Whether you choose to lock-in your heating fuel price or stay on a variable plan, you can take comfort in knowing that Irving Energy will provide you with the resources and information you need to make the best possible heating decision this heating season.

Check out our articles on heating oil and propane price protection consumer opinions, or answer the questions: is heating oil and propane price protection right for me? or what is heating oil and propane price protection?

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