Heat Pumps: Costs

(asked on 15th November 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government what assessment they have made of the feasibility of their target set out in the Heat and Buildings Strategy for heat pumps to cost the same (1) to buy, and (2) to run, as fossil fuel boilers in 2030.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 29th November 2021

Alongside leading figures in industry and many suppliers, we are confident that the costs of heat pumps can reduce by 25-50% by 2025 and have set an ambition to work with industry to achieve further reductions towards overall cost parity with gas boilers by 2030 at the latest. The policies we are introducing, including a new £450m Boiler Upgrade Scheme, the Future Homes Standard, and a new market mechanism in the heating appliance market, will rapidly scale up the market to help deliver cost reductions.

We remain committed to working with industry to keep costs down and making sure energy prices are fair and affordable and incentivise consumers to make sustainable choices. We will launch a Fairness and Affordability Call for Evidence on options to help rebalance electricity and gas prices with a view to taking decisions in 2022.

Reticulating Splines