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OFTEC reveals oil is low cost option

Oil heating is still the cheapest choice for off gas main households, according to the latest independent figures.

The Sutherland Tables show that the cost of heating an average three bedroom home with an oil condensing boiler works out at £996 per annum. That’s 31% cheaper than an LPG condensing boiler which costs £1454 per annum to run.

Once again, the figures demonstrate the advantages of using a condensing appliance, which can knock up to 18% off the average household heating bill.

The figures also show that the price of oil has remained relatively stable over the last five years. Commenting on the figures, OFTEC Director General, Jeremy Hawksley, said “this is good news for those households in rural areas that do not have access to mains gas. Oil is a safe and economical choice, and the introduction of liquid biofuel later this year means those households can easily convert to a low carbon fuel if they wish to.”

The figures for LPG include the cost of tank rental, whereas oil users generally own their storage tank.

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