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Oil Price Protection plans are available
year-round. All Oil Price Protection Plans are 12 month in length, and are
based on daily market prices. All Oil Price Protection agreements must
be confirmed in writing (or electronic agreement ), and will start the 1st
of the following month. Fixed price and capped price plans have a fee
to cover the cost of the insurance provided by Sippin Energy, this fee must
be paid at the time the price protection plan is put into affect. By
Connecticut state law, all contracted oil purchases are protected by futures
contracts, bonding, or stored bulk fuel.
You can enroll in any of our plans by
clicking on the MY ACCOUNT button
(located at the bottom of the Sippin Web navigation bar). or by telephone direct to our Customer Service Department at
1-800-994-FUEL. Prices for these programs are set daily, so you can pick
when you would like to enroll in a program.
Click here for our
telephonic Terms & Conditions Agreement
Oil Price Protection Plans Explained
Flex-Price
Plan
This
is floating price plan for our exclusive UltraBio4® high performance heating
fuel that’s available at no cost to you.
- Fuel prices for Flex Pricing are not
fixed, but based on a state-wide average of retail fuel prices. They
have historically ranged somewhere in between capped and fixed prices
- Depending upon your usage, you may even qualify for a
prompt payment discount!
- This program is available at no charge
Price Cap Plan
This plan provides an opportunity to protect you against unexpected increases or
decreases in heating oil prices. By choosing the Price Cap Plan, you will know in advance
the highest price you will pay for your UltraBio4® heating oil. If market
prices fall below the cap rate, you will always pay the lower price!
Considerations:
- This plan provides protection against dramatic increases
or decreases in fuel cost.
- Ceiling fuel prices for the Price Cap Plan
may be higher than other plans
because they incorporate "insurance" costs that are used to provide protection
against dramatic falling fuel prices.
Fixed Price Plan
This plan will allow you to purchase your annual supply of UltraBio4® heating
oil at an attractive FIXED rate while maintaining the convenience of automatic
delivery.
Considerations:
- This plan provides protection against dramatic increases in fuel cost.
This is beneficial should energy markets stay the same or rise dramatically.
- This plan does not provide protection against
dramatic decreases in
price
- Fuel prices for Fixed Price Plan are lower than capped rate
plans because they do not require the extra "insurance" costs used to protect
against falling prices.
Pre-Buy Plan
This plan will allow you to pre-purchase your annual supply of UltraBio4®
heating oil at an attractive rate while maintaining the convenience
of automatic delivery.
Considerations:
- This plan provides protection against dramatic increases in fuel cost,
and is the lowest fixed price plan we offer. This is beneficial should energy
markets stay the same or rise.
- One payment covers the whole season
- Gallonage is fixed, and is limited to the
contract term
- Fuel prices for Pre-buys are the lowest program prices
because they do not incorporate "insurance" costs that are used to protect
against falling prices, and because payment is made in advance
- This plan is available with NO PROGRAM FEE,
and there is a discount for payment by check or EFT!
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