Heat Pumps: Costs

(asked on 7th July 2023) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what steps he is taking to help (a) reduce the ratio of the cost of electricity to gas and (b) people to move to a heat pump.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 12th July 2023

The Government has committed to outlining an approach to gas and electricity price rebalancing by the end of 2023/24.

The Government aims to make heat pumps as cheap to buy and run as a gas boiler by 2030 at the latest. The Government will do this by growing the heat pump market to support 600,000 installations per year by 2028 and expanding UK manufacturing with the aim of reducing costs by at least 25-50% by 2025.

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