Looking after your oil boiler

Looking after your oil boiler

The Importance of Boiler Servicing

Most homes these days have central heating, as well as hot running water, and many of these systems rely on a central boiler. Boilers are expensive and should last a long time, providing they are serviced on a regular basis. You may think that you can’t afford to have your boiler serviced annually, but if you don’t, there could be problems.

The Benefits of a Regular Service

When you have your boiler serviced by a professional plumber on a regular basis, in the end it could save you a lot of unnecessary expense. A professional will not only spot any problems and fix them, they may also pinpoint a problem that could result in a lot of future expense. When you have your boiler serviced on a regular basis, not only does it unearth problems before they become a catastrophe, it can also mean that your boiler will run more efficiently. Paying a set amount for an annual boiler servicing will give you peace of mind, as a professional can spot a fault that you may not have realised was there.

Preventing Serious Problems

Regular boiler servicing ensures that your boiler is running to maximum efficiency. It also means that potential future problems may be picked up on before they cause serious damage. If you don’t have your boiler serviced on a regular basis, the first sign that something is wrong could be when you have no hot water, or your radiators are not working properly.

Averting Danger

A faulty boiler is dangerous and may leak carbon monoxide into your home. Carbon monoxide is a poisonous gas, and if there is likely to be a leak, a service engineer will often pick up on it before it becomes a serious problem. When you have your boiler serviced on a regular basis, the work is generally guaranteed, which means that if anything goes wrong soon after the service, you may be covered. Your boiler is an expensive and necessary item so it deserves taking care of. When you make sure that your boiler is inspected and cleaned by a professional on a regular basis, it will last a lot longer than one that’s not regularly serviced.

Keeping Warm

Sick people and older people need to keep warm, especially in cold weather, and in these cases, an efficient boiler is a necessity. A growing number of companies and organisations now offer monthly payment schemes to those on low incomes. The payment scheme is designed to cover the cost of a regular boiler service, which could save a lot of worry and inconvenience in the long term.

What the World’s Falling Oil Prices Mean for You

World's falling oil prices

Over the last year, the price of oil has fallen dramatically, which has caused huge problems both for those who invested in it, and those countries that rely on its production. The knock on effect of the state of oil prices is huge. It will affect prices for the fuel industry, but whether they will pass on any fall in prices to the consumer is questionable.

Some believe that the reported slowdown in China’s economy has added to the drop in oil prices because China’s demand for oil has dropped. Along with this, the upsurge in the use of shale gas in the United States has not helped the declining price of oil.

The End of Fossil Fuels

It’s not that long ago that many people were concerned about what would happen when our supplies of fossil fuels ran out. Right now there is more concern about what is going to happen to the glut of oil – and what about those economies that rely on its production and sale? The economic problems of 2008, when oil was at its highest price yet, sent all the experts into a spin and in the wake of that crisis, the price of oil began to fall. More recently, the banks have had to readjust their finances downwards, as they hadn’t expected that the problem would be a glut of oil and falling prices.

What Effects Might the Drop in Oil Prices Have?

Whether the consumer will be financially better off due to falling oil prices is questionable, although there has been some lowering of prices at the petrol pumps. Right now food prices are either falling a little or remaining stable, which is good news for most ordinary people. Because so much depends on the price of oil, while the price of it is low, so is the rate of inflation. So, in the short term, the falling price of oil looks good for the ordinary consumer, who may find that their money is going a bit further than before the oil price crisis. On the other hand, if inflation falls too far or too fast, it can have a negative effect on a country’s economy.

If deflation occurs, this is an economist’s worst nightmare, and may only marginally benefit the consumer. Deflation can result in a downward trend for everyone, and initial falling prices could become a real problem for employers. If they are not getting sufficient returns for their goods and services, some may eventually go out of business, which affects everyone employed by those companies. However, the tendency of the market is to rise and fall, so it’s difficult to say whether oil prices will continue to drop, or whether consumption in developing countries may reverse the trend.

Home Heating

You have also probably noticed that heating your home is a lot more affordable in recent times, we are happy to pass on the drop in oil prices onto you the consumer. Visit Thompson Fuels today to order your oil and take advantage of the lower fuel prices in Northern Ireland.