Government Admits Heat Pumps Are More Expensive Than Gas Boilers

A Government impact assessment has quietly confirmed heat pumps cost more to run than gas boilers – yet ministers are spending £2.4 billion subsidising them, writes Paul Homewood.

A new Government report has admitted that heat pumps cost more to run than a traditional gas boiler. The Telegraph has the story:

Homeowners switching to heat pumps under Labour’s Net Zero drive face higher energy bills, a Government report has found.

Ed Miliband, the Energy Secretary, extended the Boiler Upgrade Scheme (BUS), which offers £7,500 subsidies to homeowners installing a heat pump, at a cost of £2.4 billion earlier this year.

Miliband justified the extra funding by claiming that installing technologies like solar, batteries, insulation and heat pumps “can save families hundreds of pounds a year on their bills”.

But the Telegraph can reveal that his own department’s impact assessment of the plan showed that homeowners who installed heat pumps would face additional energy costs from running the units.