Green Electricity Products Heating Oil Buying Network Energy Efficiency Advocacy for Consumers and the Environment September 2013 EARLY BIRD RAFFLE: Renew now & you could WIN $250 toward oil! (see below & on page 3) Feds Predict Better Oil Prices Over Next 18 Months MA State Average $4.00 According to the federal Energy Information Administration Heating Oil Retail Price Including Taxes, U.S. Average $3.60 $3.40 $3.20 13 ‘13 ‘13 ‘13 g l‘ Au Ju n Ju 13 ay M r‘ ‘13 ar Ap ‘13 M ‘12 ‘13 n b Fe Ja 12 12 v‘ c De No t‘ ‘12 ‘12 ‘12 p Oc Se g l‘ Au Ju n 12 $3.00 Projections Here’s a graph showing Mass Energy’s average price over the last 14 months. $2.5 substantial changes in supply or demand to the extent that they would cause a price spike. They do point to turmoil in Egypt as one potential cause of a supply disruption. By our analysis, members saved 27 cents per gallon in the 2013-2014 heating season compared to the state average as computed by the Mass. Department of Energy Resources and adjusted for monthly heating degree days. We are looking forward to helping you save money on the oil you buy and helping you to reduce your need for heating oil. See the rest of this newsletter for practical ways to save energy and money. $0.0 Jan ‘12 Your Savings $3.70 Ju Dollars per gallon $5.0 Mass Energy Average $3.80 Price per gallon (EIA), through the end of 2014, prices for crude oil, gasoline, and heating oil are expected to fall slightly. For heating oil, EIA projects a drop of less than a dime per gallon. But while a projected drop is not the same as an actual drop, it’s certainly better than a projected increase! These national average projections are contained in the EIA’s Short-Term Energy Outlook dated August 6th. Mass Energy’s Average Price $4.20 Jul ‘12 Jan ‘13 Jul ‘13 Jan ‘14 Jul ‘14 Source: Short-Term Energy Outlook from Aug 6th EIA is expecting natural gas prices to increase, especially in New England because of pipeline constraints. Because it is the dominant fuel in electricity generation, this price increase will affect all of us—not just families heating with gas. In the last year, we have seen heating oil prices fluctuate in Massachusetts. As of August 7, Mass Energy members are paying over a nickel more per gallon than the same date in 2012. But it’s good to know that the Feds are not anticipating One member won $500 and you could be next! It’s time to renew your discount heating oil membership! Many of you have renewed already—and one lucky early bird won a $500 credit toward oil in our first Early Bird Raffle during July & August. We’ll contact you if you’re the lucky winner. If you have already renewed, or if your membership is already prepaid for 2014, you will be entered into the second raffle automatically. The winner will be drawn in early November. Do you have feedback for us? Are you holding off on renewing your membership because of a price discrepancy or an issue with your dealer? The Mass Energy team can act as an advocate for you. Call us today at 800-287-3950 or email [email protected]. You could be next to win $250 in our second Early Bird Raffle! Here’s how: Renew your membership by October 31st, 2013 to be entered to into a drawing to win a $250 credit toward oil with your Mass Energy dealer. 1 It’s that time again! Prepare your heating system for WINTER! As summer winds down it’s a great time to prepare your heating system for the first blast of cold air. Start by scheduling your annual heating system tune-up. Call your dealer now because you may have to schedule your tune-up weeks in advance. When you get the tune-up, ask the technician for a complete written report. The most important figure is the efficiency. Any system rated at less than 72% is a strong candidate for replacement. Ask the technician what he or she thinks about your system. Does it need some minor work that would improve the efficiency? If you need help understanding the report, email [email protected], or call her at 800-287-3950, ext. 128. For more information, we have a brochure: “What You Need to Know About Your Heating System” at www.massenergy.org/energy-efficiency/brochures-onefficiency. If you would like us to mail you a copy, please call us at 800-287-3950. If your system does need to be replaced, make sure to get three bids and ask bidders to propose a high efficiency heating system. Increased energy efficiency services are on the way. MEMBERS ONLY Get prices and more on the Members Only Site: Member responses to our summer survey told us that you want more tips on how to save energy. We were thrilled to hear about your interest in energy efficiency because it is one of the best ways to reduce your energy costs today, while ensuring a healthy environment for future generations. secure.massenergy.org/extranet In answer to your request, we will be testing out some new energy efficiency services this year—keep your eyes and ears open for details. In the meantime, if you have questions about making your home more energy efficient, or have specific suggestions on how we can deliver increased energy efficiency services to you, contact Meredith at [email protected], or call 800-287-3950 ext. 128. • Find your dealer’s service policy and contact info • See your dealer’s specific daily and historical prices • Report price discrepancies • Sign up to get this newsletter electronically • Keep track of your membership status, and more! All you need to create an account is your member ID! (Printed with your name and address on the front of this newsletter). Help neighbors in need OIL BANK Every year, low-income families and seniors are placed in the unhealthy position of choosing between heating and eating. Thanks to your donations and a grant from the City of Boston, Mass Energy’s Emergency Oil Bank is able to help in that situation, providing a full tank of oil at no-cost. Last season, we delivered emergency oil to 218 families struggling to heat their homes. We need your support to continue helping in 2014. Donations of any size make a difference and are 100% federally tax deductible. Call us at 800-287-3950 to donate! 2 Heating Oil Membership Renewal Form EARLY BIRD RAFFLE: Renew now & you could WIN $250 toward oil! IMPORTANT NOTES: Prepaid? Don’t Renew Early Bird Raffle If you received an email or letter stating that your membership is prepaid, please do not fill out this form. You will automatically be entered in the Early Bird Raffle! Renew by Oct 31st to be entered to WIN a $250 credit with your Mass Energy dealer! Renew for 3 years and you’ll be entered twice. Members Only Site Check the status of your membership by visiting secure.massenergy.org/extranet Need to update your account info? Contact us at 800-287-3950. Three Easy Ways To Renew Your Heating Oil Membership: Online: www.massenergy.org Phone: call our office at 800-287-3950 Mail: fill out the form below and mail to: Mass Energy, 284 Amory Street, Boston, MA 02130 Member Information Name __________________________________ Membership # ______________________________ Mailing Street Address ________________________________________________________________ City ________________________________ Zip____________ Phone ________________________ E-Mail (make sure we have your most recent e-mail) ____________________________________________ Membership Type (Please select one. Dues are not tax-deductible and are not refundable) $20 One Year Basic $10 One Year Fixed Income & Retiree $25 Non-Residential Customer $45 Three Years Basic $30 Three Years Fixed Income & Retiree Note: If you’re a Fuel Assistance member: Please fill out and return the renewal form you received in the mail in August. If you did not receive a renewal letter, or you’re a recent Fuel Assistant client, please call Mass Energy (800-287-3950) to find out how you can renew for FREE. Donations Yes, I will make a tax-deductible donation to support Mass Energy’s Oil Bank for emergency heating assistance. $10 $25 $50 $100 $300 $500 Other $_______ Payment Total Amount (Membership Fee And/Or Donations) $______________ My check is enclosed. Please make checks payable to “Mass Energy” Please Charge My: Mastercard Discover Visa Card Number ________________________________________________ Exp Date _________________ Signature ______________________________________________________________________________ Dues are non-refundable and are not tax-deductible. However, contributions to the Massachusetts Energy Consumers Alliance for the Massachusetts Emergency Oil Bank are tax-deductible for federal income tax purposes. 3 Non Profit US Postage PAID Boston, MA Permit #50190 284 Amory St. Boston, MA 02130 Making energy more affordable and environmentally sustainable since 1982. (p) 800-287-3950 (f) 617-524-0776 [email protected] www.massenergy.org Return Service Requested Printed on recycled paper. Does it make sense to lock in an oil price? We do not think so. For over 30 years, Mass Energy members have saved more by paying the price of the day vs. buying into hedging programs, like capped or fixed prices. Why is that? Because dealers who offer capped or fixed prices need to pay an option premium to an oil trader, which is then passed onto the consumer. This means an added cost per gallon. Mass Energy prices typically remain below most capped or fixed prices. And remember, the best way to ensure stable heating oil bills is through energy efficiency. Do some Mass Energy dealers offer such hedging programs? Yes, some do. Independently of Mass Energy, they might offer you such an option. You can choose to continue saving by using our buying power and paying our price of the day OR you can pay the added cost per gallon for an offered capped or fixed price. Why I am a member: You have a great program and should be proud. —Lou Rizoli Member since 2005 SPREAD THE WORD Discount Heating Oil Service GET $50 FOR REFERRALS As a small non-profit with a big mission, we rely on the help of our members to spread the word. Every member who refers a friend will earn a $50 credit toward oil after their friend takes their first oil delivery. Tell your friends! 4
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