EDF stated that it has launched the UK’s first heat pump tariff to never charge customers more than the price cap. The new Heat Pump Tracker tariff is available to new and existing customers with any heat pump technology, it said.
Designed in conjunction with CB Heating, EDF said the the tariff offers six hours of discounted zero carbon electricity every day. With two off-peak windows from 4am to 7am and 1pm to 4pm, it noted, customers can shift their consumption without the burden of any peak rates.
The announcement responds to recent research conducted by EDF which shows 67% of Brits are seeking greater control over their energy costs, with 42% of those without an air source heat pump admitting they have concerns about their current heating systems. The research found that top causes for concern include rising costs, 71%, and environmental impacts, 40%.
EDF’s study found 2% of respondents have an air source heat pump in their homes, with 26% of Brits planning to install an air source heat pump within the next five years.
Seven in 10 Brits perceived not needing to replace their current heating system as a significant deterrent in switching to a heat pump, with 26% only likely to install a heat pump when they next carry out home renovations.
When the time comes to replace heating systems, however, 55% would consider monetary savings on their bills as the most important factor in their decision to switch. A further 31% also believe that heat pumps would have a positive influence on their decision to buy a new home.
Philippe Commaret, managing director of customers at EDF, said: “Everyone plays a significant part in helping Britain achieve net zero which is why we’re pleased to be bringing a heat pump tariff to both new and existing customers in the market, helping them save at least £164 a year, no matter what type of heat pump technology they may have already installed in their homes.
“Working closely with CB Heating to offer £750 off the cost of a new air source heat pump installation, we hope to support more customers with making the switch to greener technologies and, in doing so, reward them with further cash and carbon savings.”