Written on: April 2, 2015
For about 20 years now, Westmore Fuel has offered our customers insurance against price uncertainty by giving them the option to either fix or cap their fuel price for the season. This is our way of offering stability against the unforeseen in a volatile energy market.
Because the fact is, we never know what the market’s going to do, or how world events or extreme weather may affect energy prices of all kinds. Like any contract, both sides have to fulfill their ends of the bargain. On our end, we promise to provide the fuel to keep you warm all winter, and you promise to pay an agreed upon price.
History has shown that our Price Capped Plan is the safest choice because it provides protection whether prices go up or down. This was the case this past winter when customers in a Capped contract saved an average of 40-cents per gallon.
Please keep in mind that pricing contracts do not guarantee you cost savings, only cost certainty. Through our experience, we have found that in about 7 out of 10 years in an up market, price management programs will save you money. In 2 out of 10 years, you will break even. In 1 out of 10 years—if you have fixed your rate instead of capping it—you risk paying more.
You can view and enter into a pricing contract online by logging into your account. Or, if you have questions you can also contact us at any time to request more information about our pricing options.