Written by
Ilux Support
on 31 Aug 2023
and updated on
05 Sep 2023
Categorised in
News
The UK heating oil industry is a major player in the UK energy sector. It supplies heating oil to over 1.5 million homes and businesses, accounting for around 10% of the UK's domestic heating market. The industry is worth an estimated £2 billion per year.
Heating oil is a type of fuel oil that is used to heat homes and businesses. It is a distillate of crude oil, and it is similar to diesel fuel. Heating oil is delivered to homes and businesses by tanker trucks, and it is stored in underground tanks.
The UK heating oil industry is facing a number of challenges, including rising fuel prices, environmental regulations, and the increasing popularity of alternative heating technologies. However, the industry is also innovating and developing new products and services to meet the needs of its customers.
Here are some of the key trends in the UK heating oil industry:
Despite these challenges, the UK heating oil industry is expected to remain a major player in the UK energy sector for many years to come. The industry is investing in new technologies and services to meet the needs of its customers, and it is committed to providing affordable and reliable heating solutions.