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Mass Energy offers our customers several price protection options: |
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PreBuy Plan
When you enroll in our PreBuy plan, you estimate your fuel needs for the upcoming heating season upfront, and you purchase all of your fuel in advance at a fixed price per gallon. With this option, you are protected from rising fuel prices, but if our market price falls below your PreBuy price, you will not benefit from the lower price.
SmartPay or SmartPay with a Cap
SmartPay lets you spread out your estimated fuel costs over 12 months, keeping your payments low and predictable. No matter how cold the weather or how high oil prices may go, you don’t have to worry about getting a giant winter fuel bill. When you add the optional price cap feature, you pay a fee to be protected from skyrocketing fuel prices, and because the cap ‘insurance’ also includes downside protection, if prices fall, you’ll pay the lower amount.
Pay-as-you-go
If you want to forego price protection, you can simply pay our current daily market rate at the time of delivery. While there’s no protection from rising prices, there’s also no fee, and if prices go down, you’ll benefit from the drop.
You can also enroll in SmartPay with our daily market rate. We will estimate your fuel costs and spread you payments over 12 months, so your fuel bills will be consistent and predictable. Since your fuel price will rise and fall with a daily rate, we may make periodic adjustments to your monthly payment. On the other hand, if prices go down, you could accrue a credit balance.
Which Option Is Better for You?
So many factors affect the oil markets that it is virtually impossible to predict whether fuel prices will rise or fall. That is why the decision as to how you buy your fuel is really up to you, based upon your comfort level.
With a PreBuy, you are protected from price spikes, but you’re not protected if prices fall. SmartPay makes your fuel costs easier to manage, and when you add the price cap option, you’ll know that no matter what happens in the oil markets, you won’t pay more than your cap or ‘ceiling’ price. And if the market price drops, yours will too. What’s more, with SmartPay, you don’t have to worry about estimating your fuel use, which can vary greatly with the weather. You only pay for the fuel that is actually delivered.
Click here if you are an existing customer and would like to sign up for one of our price protection plans.
If you are new to Mass Energy, please click here. |
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250 West Housatonic St.
P.O. Box 1207, Pittsfield, MA 01201 |
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(413) 663-7506
116 Eagle St., North Adams, MA 01247 |
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