(2 years, 6 months ago)
Commons ChamberClean energy technologies are fundamental in both securing our energy supply and meeting net zero. This Conservative Government have set out their ambition to invest up to £22 billion in research and development by 2024. Meanwhile, we are moving to annual options for renewable energy and investing big in our nuclear future.
In recent months, I have had a number of emails from constituents who have taken the Government’s encouragement to look at getting a heat pump, but have found the cost just too high for them. What steps is my right hon. Friend taking to help bring down the cost of heat pumps so that they are more affordable for more people?
My hon. Friend makes an important point. We want to go with the grain of human nature, which means that, when it is time to replace a gas boiler, the heat pump is a competitive option in terms of price. That is why we think the cost of heat pumps can reduce by 25% to 50% by 2025. We have our £450 million boiler upgrade scheme to provide capital grants of up to £6,000, and that is in addition to the zero per cent rate of VAT on installation.
(2 years, 10 months ago)
Commons ChamberI thank my hon. Friend for his long-standing and passionate interest in community energy. I was delighted to meet him and colleagues just before the recess. Through the introduction of UK-wide growth-funding schemes such as the towns fund, the Government are enabling local areas to tackle net zero goals. We intend to publish an updated retail energy market strategy in due course.