Heat Pumps: Investment
The question
To ask the Secretary of State for Energy Security and Net Zero, whether he has made any assessment of the potential merits of leveraging private investment in the gas-to-heat-pump transition by underwriting a net saving to the consumer.
Answered by Martin McCluskey
Our ambition is to ensure that clean heat is the most attractive and natural option for people when upgrading or replacing their heating system. That means driving down upfront costs, helping with financing and grants, and ensuring everyone can reap the financial benefits with cheaper electricity and smart tariffs.
The recent Budget took unprecedented steps to drive down electricity costs for all households, while those with electric heating stand to benefit most.
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