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Oil still the Cheaper Choice, says OFTEC
1st June 2010
Oil heating is still a cheaper 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 a whopping 31% cheaper than an LPG condensing boiler, which by comparison costs a massive £1,454 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.
