Price Protection
ALL PRICE PROTECTION PROGRAMS WILL REQUIRE A SIGNED CONTRACT AND TERMS AND CONDITIONS APPLY.
Alger Oil & Propane offers Price Protection plans to help customers cope with energy price inflation. Although we don't necessarily recommend it due to current fuel price volatility, if you are interested in these price protection programs, please call our office or contact us and we will work with you to choose the best program for your family and budget.
What we do recommend is going with a daily market price. As a customer, you will receive multiple deliveries during the season at different prices - some prices could be high and some could be low. At the end of each heating season, the average price you end up paying is always lower than any of the price protection prices.
If you are interested in protecting your price, please read about our three plans. For more information or to enroll, please call us or contact us.
Capped Price Plan
You purchase your seasonal supply (or a portion of it) with a two-part guarantee regarding the price. First, your price will not exceed the "cap price" that we agree upon when you enroll, regardless of how high prices go during the heating season. Secondly, if our daily price of oil is lower than the cap price for any given delivery, you will pay the daily price instead of the cap price for that delivery.
- Pros: Your maximum price is capped, and you won't pay more regardless of where prices go. If prices decrease, you will benefit. We don't charge a fee for this program so the downside protection is limited. Please speak with an Alger Oil & Propane representative or contact us.
- Cons: Picking a point in time to choose your cap, may result in paying higher prices if market drops.
Fixed Price Plan
You agree to purchase your seasonal supply (or a portion of it) from Alger Oil & Propane for a fixed price that we agree upon when you enroll.
- Pros: Your price is locked in. If prices increase during the heating season, you avoid paying the higher price. This may also be a good budgeting tool to maintain your finances.
- Cons: If the price should decrease during the heating season, you will not benefit because your price is locked in.
Prebuy Plan
You purchase your seasonal supply (or a portion of it) in advance. We price your oil based on preseason prices with a built-in discount that rewards you for paying in advance.
- Pros: Your bill is paid in advance, and your price is locked in. If prices increase during the heating season, you avoid paying the higher price. This may also be a good budgeting tool to maintain your finances.
- Cons: If the price should decrease during the heating season, you will not benefit because your price is locked in.
Cap Budget
This plan combines capped price with the predictable monthly payments of a budget plan. Your price will not exceed the cap price set when you enroll, regardless of how high fuel prices go during the heating season, but will drop if fuel prices go down. We then spread your heating budget across 11 months, so your heating bills will not spike during the winter, when your oil usage is the highest.
Payment Options
Alger Oil & Propane accepts payment by cash, check, credit card (Visa, MasterCard, Discover), debit card, or electronic funds transfer (EFT).
Senior Citizen Discount
Alger Oil & Propane offers a special senior citizen discount of $.03 per gallon to all customers ages 65 and older.
