What Oftec have to say about Oil based Heating.
“Oil heating beats price of all other fuels.”
New figures released today from the Oil Firing Technical Association (OFTEC) show that oil is currently the cheapest way to heat your home in the UK.
The average yearly cost of heating a three bedroom house using an oil condensing boiler is £884, which is:
- £385 cheaper than Electricity
- £300 cheaper than Biomass (wood pellets)
- £691 cheaper than LPG condensing
- £48 cheaper than British Gas.
Jeremy Hawksley, Director General of OFTEC, said:
“This is excellent news for the 1.4 million householders in the UK who use oil to heat their homes”.
The figures also show that an oil user can save £192 a year just by converting their boiler to a condensing boiler, which is more efficient and releases much less CO2 than a non-condensing boiler.
Over the last year the average cost of oil heating for a three bedroom house was £844 per annum, which compares favourably with other fuels. Oil is also one of the most environmentally friendly fuels. Modern clean burning appliances have low CO2 emissions and high efficiency ratings. In fact oil boilers are some of the most efficient you can get.