{"id":12660,"date":"2024-10-21T01:00:00","date_gmt":"2024-10-20T23:00:00","guid":{"rendered":"https:\/\/www.ehpa.org\/?p=12660"},"modified":"2024-10-21T09:27:25","modified_gmt":"2024-10-21T07:27:25","slug":"electricity-cost-drives-successful-heat-pump-markets","status":"publish","type":"post","link":"https:\/\/ehpa.org\/news-and-resources\/press-releases\/electricity-cost-drives-successful-heat-pump-markets\/","title":{"rendered":"Electricity cost drives successful heat pump markets"},"content":{"rendered":"\n<p>Cost-effective electricity is key to strong heat pump take-up in Europe, data put together by the European Heat Pump Association (EHPA) shows.<\/p>\n\n\n\n<p>In most countries, gas is subsidised by governments, avoiding carbon taxes and keeping it at an artificially low price relative to electricity.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/youtu.be\/e_sFyVuhQ0c\">animated maps<\/a> published today by EHPA \u2013 which cover six month periods from 2021 &#8211; show <strong>there was a short-lived change<\/strong> around the 2022 energy crisis, when gas was more expensive. That contributed to <strong>a record year for heat pump sales<\/strong>. See below for the animation.<\/p>\n\n\n\n<p>However, this did not last and today, in much of Europe <strong>electricity costs over 2.5 times more per unit than gas<\/strong>. Electricity should be maximum around twice the price of gas to make a heat pump \u2013 which only uses a tiny amount of electricity to run &#8211; a good investment.<\/p>\n\n\n\n<p>The most <a href=\"https:\/\/www.ehpa.org\/news-and-resources\/news\/europe-avoiding-5-5-billion-cubic-metres-of-gas-with-heat-pumps\/\">recent figures from EHPA<\/a> show heat pump <strong>sales fell 47%<\/strong> in Europe in the first six months of 2024, compared to the same time period in 2023.<\/p>\n\n\n\n<p>In Finland, Norway and Sweden, there is very little gas and heat pump use is widespread.<\/p>\n\n\n\n<p><strong>Paul Kenny, director general of the European Heat Pump Association <\/strong>said:<\/p>\n\n\n\n<p>\u201cHeat pumps are crucial to ending Europe\u2019s reliance on fossil fuel imports, critical in achieving&nbsp;a secure sovereign energy system that is insulated from foreign actors and their use of energy prices as a weapon of war. But it won\u2019t happen if it\u2019s too expensive for consumers&nbsp;and businesses. If EU governments are serious about energy sovereignty, competitiveness and sustainability, they should ensure energy prices favour heat pumps.\u201d<\/p>\n\n\n\n<p>The maps, which use Eurostat data, are published on the first ever <a href=\"http:\/\/www.heat-pump-day.org\">Heat Pump Day<\/a> \u2013 which celebrates the benefits of heat pumps in terms of sustainability, energy independence and comfort. Events and activities are taking place across Europe to mark the occasion.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"How the electricity to gas price ratio has changed over time!\" width=\"800\" height=\"600\" src=\"https:\/\/www.youtube.com\/embed\/e_sFyVuhQ0c?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong>Contact:<\/strong><\/p>\n\n\n\n<p>Sarah Azau<br><a href=\"mailto:sarah.azau@ehpa.org\">sarah.azau@ehpa.org<\/a><br>Tel: +32 473 57 31 37<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cost-effective electricity is key to strong heat pump take-up in Europe, data put together by the European Heat Pump Association (EHPA) shows. In most countries, gas is subsidised by governments, avoiding carbon taxes and keeping it at an artificially low price relative to electricity. The animated maps published today by EHPA \u2013 which cover six [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":12674,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-12660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Electricity cost drives successful heat pump markets - European Heat Pump Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ehpa.org\/news-and-resources\/press-releases\/electricity-cost-drives-successful-heat-pump-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electricity cost drives successful heat pump markets - European Heat Pump Association\" \/>\n<meta property=\"og:description\" content=\"Cost-effective electricity is key to strong heat pump take-up in Europe, data put together by the European Heat Pump Association (EHPA) shows. 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