British heat pumps could reduce the cost of gas boilers

This can include advertisements from us and 3 rd parties based on our understanding. Octopus Energy has stepped to help the Government with its Heat and Buildings Strategy, which intends to incentivise the public to install heat pumps as a replacement for gas boilers to reduce carbon emissions. With a cost of approximately 10,000, the Government had been slammed for the high cost of heat pumps. Now, households will receive 5,000 government grants to install heat pumps through the 450 million Boiler Upgrade Scheme.

And Octopus Energy, claims it could reduce the cost to the same price as natural gas boilers by April 2022. Energy Minister Greg Hands said here in the House of Commons earlier today: Octopus Energy, and indeed others, have said that they think they can make heat pumps an equivalent cost to natural gas boilers by April 2022. I've got confidence in the ability of British industry and energy companies. What are the costs for these cells and new technology plans? Octopus has already invested 10 million for its research- and-development training centre dedicated to the decarbonisation of heat, and has begun training engineers at the rate of 1,000 per year. According to Mr. Jackson, the company s plans signal a big drive forward in the UK's race for net zero emissions. READ MORE: La Palma evacuation warning over 'unstoppable' red-hot lava river.

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