alarmguy
Thread starter
Yeah, I only have the locking in idea because of the north when we had oil heat we would lock in the rate for the season every August when the prices were low.When I bought my home in 2019 there was already a propane tank installed that supplied the gas stove, dryer and furnace. And feeds the Generac generator when it kicks in. The water heater is electric. The tank is leased and I pay a small yearly lease, I think it is $75. There are three propane suppliers in my community, I see one of their trucks on my street almost daily topping off the tanks of their customers.
I have no idea what the other companies individual rates are. But I know that in order to switch suppliers it could cost me a lot of money to have the supplier owned tank removed and a new one installed, whether I would own it or lease it from the new supplier.
So in a lot of ways, unless you actually own the tank, they kind of have you over a barrel and most people just continue to use the same supplier.
There is no "locking in" the cost for a season. It is seasonally adjusted to market rate. My house is 1400 square feet and during the winter months I keep the thermostat set to 60 in the daytime and 56 at night and I dress warm. The Southern California mountains experienced the harshest winter in decades and my last two propane bills were around $720 each. Ouch ! I'm sure glad it is finally spring. In the spring and summer $300 worth of propane generally will last 3 months.