Heat Pumps - Financial Incentives
Governments around the world are increasingly turning their attention to heat pumps as a key technology in the transition towards more sustainable and efficient energy systems. The UK currently has approximately 412 heat pumps per 100,000 people, significantly lower than the European average of 3068 heat pumps per 100,000 people. In line with the UK's climate change targets, the government aims to install 600,000 low-carbon heat pumps annually by 2028.
Energy - A Progressive Pricing Model
A progressive pricing model that offers financial incentives to promote change in energy-consuming behavior. A four tier approach where electricity prices rise in response to consumption thresholds. Every consumer starts at tier one with pricing increasing by 10p for every 1,500 kWh consumed.