*The expenses and potential savings linked to smart tariffs depend on several factors. Firstly, a smart meter is a prerequisite. Additionally, the specific tariff, your heating habits, the characteristics of your home (including type, size, and energy efficiency), and the efficiency of your heat pump all play a role.
The figures presented here are derived from dynamic simulation modeling of a typical 3-bedroom detached house with insulated cavity walls and a heat pump achieving a seasonal performance factor of 3.13. Savings calculations are based on Octopus Cosy tariff prices and the energy price cap in effect between July 2023 and July 2024, excluding any gas standing charges. It's important to note that both energy prices and tariff rates are subject to change, which will impact estimated costs and savings.
The benefits of a heat pump include:
Carbon savings of up to 70% compared to a gas boiler.
Bill savings of around £100 per year* compared to a gas boiler if used effectively with a smart tariff.
They’re 3 times more energy efficient than traditional gas boilers.
They reduce our reliance on imported gas, contributing to UK energy security.
They’ll become greener every year as the UK electricity grid continues to decarbonise.
Source (January 2025):
gov.ukHere, our
energy and renewables team at City Plumbing discusses what you need to know about air-source heat pumps, including the pros and cons of this innovative heating system.