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I've locked a few of my clients in during the past winter and we were able to see a significant savings by entering below market. It is a risk to take, but at the very least you are locking in your budget and aren't subject to the fluctuations of the market. I would competitively bid it out between a few companies to see what the market is calling for now. What # oil are you using? Have you also looked into converting to an interruptible gas burner as well?
Is this a sponsor controlled Board or a Resident Shareholder controlled Board?
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We currently use #6, and have several requests for proposals for NYSERDA partners to conduct an energy audit and upgrade. The resident board members and owners are for a possible upgrade and energy savings, but have hit strong resistance, sluggishness from the sponsor/managing agent on the entire heating oil process.
If we can realize the savings from the heating budget for the remaining 09 year, the plan is to redirect the savings to further the NYSERDA study and planning.
This is one of the two options, the other was to create an oil bidding program, however the managing agent/sponsor has already dked this idea as not feasibly possible from an operations standpoint on there end.
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