Study: Efficient heat pumps 'can be cheaper than gas boilers' for UK households

Michael Holder
clock • 4 min read
The government is targeting 600,000 heat pump installations a year in the UK by 2028
Image:

The government is targeting 600,000 heat pump installations a year in the UK by 2028

With gas bills surging thanks to volatile global fossil fuel markets, research shows electric powered heat pumps could save homes up to £260 on average

The most efficient heat pumps are now cheaper to run than conventional gas boilers, potentially saving the average UK household up to £261 on their annual energy bill, fresh analysis that takes into account...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Government triples UK heat pump manufacturing funding to £90m

Survey: Drivers report 'overwhelming satisfaction' with EVs despite 'growing divide' over charging costs

More on Energy

Government moves to cut energy costs for UK industry by £420m from next year
Energy

Government moves to cut energy costs for UK industry by £420m from next year

Around 500 energy intensive businesses across sectors such as steel, cement, glass and chemicals offered extra discount on energy network charges

Michael Holder
Michael Holder
clock 31 October 2025 • 3 min read
Study: Smart heat pump trial sees homes slash electricity use by a third
Energy

Study: Smart heat pump trial sees homes slash electricity use by a third

EXCLUSIVE: OVO and Nesta trial of 58 London homes fitted with smart, automated heat pumps achieves significant reduction in electricity use and energy bills

Michael Holder
Michael Holder
clock 24 October 2025 • 3 min read
How the government can maximise benefits for UK communities through the Local Power Plan
Energy

How the government can maximise benefits for UK communities through the Local Power Plan

Partner Insight: Ahead of the publication of the Local Power Plan, Stew Horne - group head of sector intelligence & external affairs at the Energy Saving Trust - sets out how the government can ensure communities across the UK reap the benefits of clean...

Stew Horne, Energy Saving Trust
clock 23 October 2025 • 6 min read