Campbell River resident Paul Wilts says his oil heating costs will rise 80 per cent in 2023, so he's now considering an electric furnace.
Paul Wilts has a 600-litre oil tank next to his Campbell River home that will get used almost twice over an average winter.
“And he said, ‘Well, it doesn’t affect diesel or furnace oil, so there’s no price drops in the near future for furnace oil.'” “I put a healthy budget in at $1,200 a year for heating,” he added. “Last year was $1,400, so take and give a little bit with oil prices. But when you’re doubling it, that’s going to hurt a lot of budgets.”
The pandemic, an energy crisis in Europe, and the war in Ukraine are all being blamed for the high prices.Sign up for our newsletter to get breaking news and daily digests sent to your email.“The demand for heat pumps today is 50 times what it was two years ago,” said Doug Ingram, owner of 21 Degrees Mechanical in Courtenay.
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