When you live in a four-season climate like homeowners in Southeastern Connecticut and Southwestern Rhode Island, you quickly learn that there are many options for purchasing your home’s heating fuel. There’s not a one-size-fits-all approach, and that’s why Densmore Oil offers our customers a variety of payment programs, including budget plans and a price cap protection option for Bioheat® fuel.
What Is Price Cap Protection?
Price cap protection is a program that a fuel company can offer its customers to help them better manage their fuel bills throughout the year. These contracts set forth terms for homeowners to “lock in” or “cap” their fuel price so they always know the maximum price per gallon they will pay during the price protection timeframe. These plans are typically set for an 11- or 12-month period.
This means that throughout the duration of your contract, you will never pay more than the price cap per gallon price stated in your agreement, protecting you if the daily fuel price increases. On top of this, if you are active military or a veteran, you can combine price cap protection with your military discount.
Price Cap Protection Benefits
- Predictable Heating Bills: When you commit to a price cap protection plan that sets a maximum price per gallon on your Bioheat® fuel, you are gifting your future self more manageable and consistent heating bills.
- Downside Protection: Some fuel providers, like Densmore Oil, offer downside protection, which is the choice to honor the lowest daily market rate, even if you have price cap protection. So, if the daily rate dips below the established cap level in your contract, you will always receive the lowest daily price available.
- Set It and Forget It: In addition to taking some of the guessing game out of your heating bills during the winter months, price cap and budget plan customers will be set up with automatic fuel delivery. Our experts will monitor your account to estimate when you’ll need a refill so that you never have to worry about running out of fuel.
Ready to Enroll in Price Cap Protection?
Enrollment for Densmore Oil’s price cap protection is currently open, but only for a limited time. When you sign up, you’ll begin making 11 monthly payments starting July 1st and receive all of the benefits that come with this program, including an annualized 1% interest credit applied to your account balance each month.
It’s easy to enroll; simply contact our friendly team, and they will walk you through the entire process. Don’t miss the chance to lock in savings and simplify your heating bills for the 2025–2026 winter season!
