Save Heating Money Now for Next Year

Physician's Money Digest, May 2007, Volume 14, Issue 5

Bottom Line

Physicians looking to save some moneyon their heating bills next year need onlyimplement a few simple strategies accordingto an article in . An importantstep is to lock in a rate with your heatingprovider when fuel prices are at theirbottom rate relative to recent years. Thisspring happens to be a good time to lockin because of the early warm start to thewinter. Many fuel companies have excessheating oil and natural gas stored up, creatinga reduction in price.

Bottom Line

However, also urges youto remember that a lock in price is not setin stone, because acts of God, hurricanes,or war in the Middle East can disruptprices. It is also important to find out ifthere is a termination fee, an automaticrenewal clause, and what the length of thecontract is. Natural gas customers can alsocompare prices with gas suppliers, whilesome heating oil customers in the Northeastcan join a heating oil cooperativethat, for a fee, can negotiate fuel prices forits members.