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Oil heating financial help

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  • matelodave
    matelodave Posts: 9,084 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    t3rm3y said:

    And yes, it's all about budgeting.  As several others have said, you'll use a lot in winter and hardly any in summer.  You need to be putting money aside each month so that it averages itself out over the year.  Just the same as a normal gas or electricity direct debit - most people find they're in credit during the summer, then they pay a lot more in winter, and it evens out overall.
    Hopefully some of these tips will be helpful.
    Budgeting is handy, but not so helpful when the price per litre has doubled (quadrupled from when we first ordered oil about 6 years ago at around 23ppl). We budget for 500 litres around now and again in September , and usually costs about £260 ish, but now we are looking at nearly £500 for same amount and as the tank is low we cannot wait for warmer months.
    I do empathise because we've just had a doubling of our leccy cost, which is due to rise by another 50% at the end of this month but TBH there's not a lot you can do about it apart from reducing your consumption
    Never under estimate the power of stupid people in large numbers
  • coffeehound
    coffeehound Posts: 5,741 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Doesn't look as though the OP has come back but there was government money given to councils for discretionary energy support grants - would be worth checking
  • canaldumidi
    canaldumidi Posts: 3,511 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    t3rm3y said:

    And yes, it's all about budgeting.  As several others have said, you'll use a lot in winter and hardly any in summer.  You need to be putting money aside each month so that it averages itself out over the year.  Just the same as a normal gas or electricity direct debit - most people find they're in credit during the summer, then they pay a lot more in winter, and it evens out overall.
    Hopefully some of these tips will be helpful.
    Budgeting is handy, but not so helpful when the price per litre has doubled (quadrupled from when we first ordered oil about 6 years ago at around 23ppl). We budget for 500 litres around now and again in September , and usually costs about £260 ish, but now we are looking at nearly £500 for same amount and as the tank is low we cannot wait for warmer months.
    6 years ago was an anomaly. Prices  before then were around 50 ppl. In 2014-15 there was a dip in prices before they returned to 'normal'.

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