If you’re paying a lot more for electricity than for gas, you’ll be less keen to swap your boiler for a heat pump. It’s simple logic.
That’s why moving taxes off the electricity bill is crucial for making heat pumps attractive!
Yet still today, gas is subsidised by many governments while many electricity bills include taxes and levies.
Electricity should be maximum twice the price of gas to make a heat pump a good investment.
Which countries are already there, and which are furthest away? In our animation below, you can see how this has changed (or not) over time, with the latest figures from Eurostat.
You can also play more with heat pump data on our new public platform, and buy our market report (or become a member and get it for free!) for a truly in-depth dive on prices, sales, technologies, countries, building types and more.
