The following are terms commonly used when discussing your propane or home heating oil account.
Cap Price & Fee – Pre-Buy
Maximum price CES will charge per gallon of product when the customer pre-buy’s the fuel requirements.
The fee is insurance (“Put-Option”) that is paid to the New York Mercantile Exchange (NYMEX) to secure customers quoted fuel cap price and insure customer will never pay more than the Cap Price they were quoted.
A fee that is charged to handle processing, upkeep and maintenance of pre-buy accounts when using a credit card as payment method.
4% of Pre-Buy subtotal = (Price per gallon x Quantity Purchased + Price Cap Fee x Quantity Purchased)
E-Z Chair Plan – Budget
Budget plan allows the customer to evenly spread out the payments of annual usage over an twelve month period plus a one-time cap fee.
Material used to produce heat or power by burning. Any various compressed vapor or volatile combustible liquids that are used to heat water, structural temperature regulation or in the cooking of food or other various uses.
Number that shows how fast a customer uses fuel
Liquified Petroleum or Propane
Current per diem price that customers are charged per gallon depending upon usage.
Minimum Gallon Purchase
There is a 500 gallon minimum purchase in order to participate in the Pre-Buy (Capped Price Pre-Buy) and to receive any price protection.
Fee that is charged on emergency deliveries where a less than maximum delivery is made (i.e. filling the tank).That fee is currently $75.
Any gallons of fuel (LP or Fuel Oil) that is used above the customers allotted pre-buy amount for a given contract period.
The following are the pre-buy plans that are available:
Capped Price PreBuy: Customers cap the amount of gallons they would like to use in for the heating season in advance to secure a “ceiling price.” The cap fee must be paid in advance for the number of gallons being capped. There is a minimum 500 gallons associated with this pricing option. The cap fee is non-refundable.
Pressure Test & Fee
A required diagnostic test performed by our technicians on every new LP (propane) installation or existing gas supply piping.
The pressure test fee is $50 plus applicable county sales tax rate is done by the driver when the delivery is made. If a service tech is dispatched, rate is $119 plus tax for a min. 1 hour during regular business hours plus parts if needed. If the service is after hours, the the charge will be the overtime rate of $179.00 plus tax for a minimum of 1 hour plus parts if needed. New Jersey rate are $124.00 regular and $186.00 overtime.
A device that is used to control the flow of gas and lower the pressure of the tank to the appliance(s) in the gas system.
Weigh for Credit
A variable fee is charged when customers terminate their service and wish to receive credit for gas in tank. This fee is to weigh the tank for credit.