Scott Williams gives you choices for protecting the price you pay for heating oil and controlling your winter fuels bills. That’s especially important with prices so volatile.
We do this through our EZ Pay program , which gives you two options.
1. EZ Pay. We will spread your annual fuel costs over 12 months and bill you monthly. We will charge you the daily market rate for your fuel. Your price will be the prevailing rate on the day of delivery.
2. EZ Pay with Price Cap. We will spread your annual fuel costs over 12 months and bill you monthly. We will charge you either the predetermined price cap or our current retail price, whichever is lower on the day of delivery.
An enrollment fee will be charged for the upside and downside protection of the EZ Pay with price cap option. When we set a cap price, we must buy call options, which are a kind of insurance for the protection of a price cap. We need to charge a fee for this insurance because our suppliers charge us a hefty premium for purchasing flexibility. At a certain price point our call option lets us trade back the fuel we contracted for at a higher price and exchange it for lower priced fuel. This allows us to drop your price.
EZ Pay with Price Cap customers get the extra benefit of automatic deliveries.
Pay As You Go. Although customers have saved a lot of money by choosing a price cap or a fixed price, you are not obligated to join these programs. Instead, we will simply charge you our daily rate, which rises and falls with the market throughout the heating season.
Enroll now in our price protection program for 2016 -17!