Benefits Of Oil Heating

01-02-2016

Oil prices are at their lowest since 2008, making oil heating the cheapest major fuel available for UK households. With indications that prices are to remain low, are you convinced enough to make the switch?

In July 2008, oil prices spiked at $145 a barrel, whilst in January 2016 that price dropped below $30. It has been an unpredictable eight years for the oil heating industry, but the recent fall in oil prices is hugely significant for the heating and hot water industry.

Installers and homeowners alike are cautious when it comes to oil, and rightly so. No other heating fuel is subject to the geopolitical influences that significantly affect the availability, and therefore price, of oil. However, increased supply has sent oil prices tumbling and, according to industry experts, it looks likely that prices will remain low for the foreseeable future.

Cheaper Than Natural Gas

Oil heating remains an attractive heating option for rural households, with over 15% of Oxfordshire households not connected to mains gas. However, now that oil is the cheapest major fuel available - cheaper than natural gas - it has become a cost-effective alternative for heating your home.

Increased Demand For Oil Heating

As an OFTEC registered installer, M&N Heating & Plumbing has witnessed a comprehensive increase in oil heating work in the past twelve months. Oil heating installs have increased by nearly 30% year-on-year, with oil heating servicing jumping by 64%.

You can rest assured knowing it's significantly cheaper to replace an old oil boiler with a new one than with any other heating fuel, which can also offer an anywhere between 15-30% increase in efficiency.

OFTEC Registered

Homeowners - with the current state of the oil industry and an expert, OFTEC registered installation available from M&N Heating & Plumbing, now is the perfect time to switch to an oil heating system. If you're unsure of your oil heating options, we can offer experience-based, impartial advice to suit your home, lifestyle and budget.

M&N Heating & Plumbing offer no obligation quotes and advice for oil heating installs, so why not talk to us today?