We've been on an annual budget plan for years where they bill you a fixed amount each month, and then we ante-up any overage in July and they issue an adjusted rate for the next year based on current cost. My monthly was $182/mo. but now it's $454/mo. effective July. Our boiler uses oil for both hot water and baseboard heat, and it's not like we can just rip it out and replace it with all-electric stuff without a huge outlay.
I'm really torqued over this. If you're a heating oil consumer, prepare yourself to take it in the rear.
"Just turn down your thermostat to save money" Does not work!
In a cold Winter (MI) at 72 degrees my furnace runs constantly to maintain temp.
At say 65 degrees it still runs constantly to maintain temp.
The only "savings" is the brief time period when you actually turn it down from 72 to 65.
Insulation is one helluva money saver. Just got foam in the walls. Doesn’t settle like blown in fiberglass. Fiberglass also doesn’t seal, just acts as a heat pillow.
How well insulated a house is does not matter for what I am saying.
If you take two identical houses and one thermostat is set at 72 and the other is at 65, the furnace will run the same amount of time on a cycle to maintain the temp set. So it will cost the same in fuel to maintain either temp setting
Oh I completely agree. But to those with uninsulated houses, fix yo’self