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Our Pricing and Payment Plans

We’re all about options to fit your needs.

price-protection-slider3Just as all of our customers have different home heating needs, you each have different payment and budget needs as well. Wilcox Energy offers a range of price protection and payment plans to help fit your home heating costs into your family’s financial plans.

Capped Price Budget Plan

With our Capped Price Budget Plan you can rest assured knowing the amount you will pay each month. We take an estimate of your annual usage based on the size of your house or your delivery history and divide it into equal monthly payments. Plus, it protects you against rising prices but will adjust down if the market price drops. What’s more, you’ll even receive 3% annual interest for any credit balance you carry.

Highlights:

  • 12-month program.
  • Begins July 1st.
  • Pay the same amount each month.
  • Your service contract payments may be included in your budget payments.
  • Enjoy automatic delivery all year long.
  • Earn 3% annual interest for credit balances
  • Required a non-refundable hedging fee

*Payments are due by the tenth of each month. Customers must be on automatic delivery to be eligible for this program.

What is a hedging fee?

When we offer our customers the protection of a capped price, we also charge what is known as a hedging fee.  Many of you have asked, “What is a hedging fee, and why do I have to pay it?”

To offer you a capped price, we have to pay a premium, much like insurance, in order to protect you if the market rises or if the market drops, allowing your price to never go above the capped price, but to go lower if the market does.  The hedging fee is our cost to ensure the future maximum price while retaining the opportunity to pay a lower price should the market price drop.  We get that protection through a combination of Futures and Options Contracts, bought on the commodities market. Unfortunately there is a cost for this service, and our hedging fees are applied to these charges.  The hedging fee we require for the capped price program passes only a portion of these costs to you.

Budget Retail Plan

With our Budget Retail Plan we will take an estimation of your fuel usage and compute your monthly payment based on the expected average price per gallon. You can rest assured knowing the amount you will pay each month, but your oil rate will fluctuate with the market. We will evaluate your account during the heating season and make adjustments if necessary. What’s more, you’ll even receive 3% annual interest for any credit balance you carry.

Highlights:

  • 12-month program.
  • Begins July 1st.
  • Pay the same amount each month.
  • Price fluctuates with the daily price of oil
  • Enjoy automatic delivery all year long.
  • Earn 3% annual interest for credit balances
  • No hedging fee required

*Payments are due by the tenth of each month. Customers must be on automatic delivery to be eligible for this program.

Guaranteed Price Protection with Fixed Price

Make one payment in July when the price, historically, is at its lowest, and you don’t need to worry about oil bills for the rest of the year! With Wilcox’s Prepay Program there is no hedging fees and we can pass any preseason discounts along to you. You will enjoy automatic delivery all year.

  • One payment due in July.
  • Guaranteed price protection.
  • Fixed price does not go up or down regardless of market price throughout the year.
  • Enjoy automatic delivery all year long.
  • No hedging fee required

Guaranteed Price Protection with Capped Price

Make one payment in July when the price, historically, is at its lowest, and you don’t need to worry about oil bills for the rest of the year! And, if the market price drops lower than the price you agreed to, you pay the lower price. There is a hedging fee required for this protection. You will enjoy automatic delivery all year.

  • One payment due in July.
  • Guaranteed price protection.
  • Enjoy automatic delivery all year long.
  • Hedging fee required

Prompt Payment Discount

Many of our customers prefer to pay the market price for each delivery as they come, instead of making payments all year long. These customers are comfortable with higher fall and winter payments, knowing that they will have minimal heating costs during the warmer months. Wilcox Energy is happy to offer these customers a discount when they pay promptly for their deliveries.

  • Rates fluctuate with the daily price of oil.
  • Save 10 cents per gallon if you pay the invoice in full within 10 days of delivery by cash or check.
  • Save 5 cents per gallon if you pay the invoice in full within 10 days of delivery by credit card.
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