Octopus doubles annual heat pump enquiries

Octopus

Octopus Energy reported that over 200,000 homeowners enquired about a heat pump in 2024.

This marks a 144% increase from the previous year, it noted.

According to MCS data, the UK heat pump industry hit a new record with almost 60,000 new installations in 2024.

Furthermore, the data found that 49% of UK consumers want to invest in low-carbon heating solutions.

Due to £7,500 grant from the Boiler Upgrade Scheme (BUS), a company statement said that the costs of getting a heat pump are now on par with a new gas boiler.

Heat pumps are also cheaper to run than gas boilers with dedicated smart tariffs, it added. Octopus said its ‘Cosy Octopus’ tariff can save heat pump customers £315 a year on heating costs compared to gas boiler customers on an SVT.

Alex Schoch, global director of Clean Tech at Octopus Energy at Octopus Energy, said: “With over 200,000 inquiries in just one year, it’s clear that the UK is at the cusp of a heating revolution.

“The appetite is there, British homeowners are hungry to go green. But the industry must step up and demystify heat pump technology to help people make informed choices.”

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