Introduction:

Price protection plans can be an excellent way for homeowners to save money and gain peace of mind when it comes to home heating oil expenses. We know that choosing the right plan can be confusing, so we’ve compiled a list of frequently asked questions to help you make an informed decision.

What are Price Protection Plans?

Price Protection Plans (PPP) offer homeowners a way to manage their home heating oil costs by either locking in a fixed price, setting a price cap, or prepaying for their oil at a discounted rate. These plans provide stability and protection against fluctuating oil prices during the winter season.

What types of Price Protection Plans do you offer?

We offer four main types of PPP:

• Prepay Plan: Purchase your heating oil upfront at a discounted rate before the season starts.
  
• Fixed Price Budget Plan: Lock in a fixed price per gallon for the entire season, making your monthly payments predictable. 
  
• Price Cap Budget Plan: Set a cap on the price per gallon, protecting you from price increases while still allowing you to benefit from price drops. 
  
• Regular “Floating” Budget Plan: Pay the market price for heating oil as it fluctuates throughout the season, with the option to spread payments evenly over the year.
  

How do I choose the right Price Protection Plan for me?

Consider your budget, risk tolerance, and payment preferences. If you prefer predictable monthly payments and want to avoid price spikes, the Fixed Price Budget Plan may be best for you. If you want protection from price increases but also want to take advantage of potential price drops, consider the Price Cap Budget Plan. For those who want to prepay for their heating oil, the Prepay Plan is an attractive option. The Regular “Floating” Budget Plan is suitable for those who prefer to pay the market price and are comfortable with price fluctuations.

Can I switch plans during the season?

Generally, once you sign up for a PPP, you are committed to that plan for the entire heating season. However, it’s always best to check with your heating oil provider for their specific policies on switching plans.

What happens if I use more or less oil than anticipated in my plan?

For the Prepay Plan, you may need to purchase additional oil at the current market price if you run out. For Budget Plans, your provider may adjust your monthly payments or issue a credit or bill for any significant differences between your estimated and actual oil usage.

How do I sign up for a Price Protection Plan?

Once our Price Protection Program is open for enrollemnt, visit our website at foxfuel.com, log in to your customer portal, or contact our customer service team at (215) 659-1616. We’re here to help you choose the best plan for your needs and guide you through the sign-up process.

Conclusion:

Price Protection Plans offer homeowners a way to manage their heating oil costs and protect against price fluctuations. By understanding the different plans available and assessing your unique needs, you can choose the best plan for your home. If you have any further questions or need assistance, don’t hesitate to reach out to our team.