Climate Action

Good Energy set to launch UK’s first ever heat pump tariff

The clean power company will help customers benefit from the £2 billion government grant scheme and green up their home heating.

  • 28 July 2020
  • Rachel Cooper

The clean power company will help customers benefit from the £2 billion government grant scheme and green up their home heating.

Good Energy has announced it will be launching a tariff for heat pumps. The new offering will be ideal for homeowners planning to make the most of the government’s new Green Homes Grant to electrify their home heating system.

The tariff will be offered to customers this autumn when the government begins accepting applications for the £2 billion fund. 

The Green Homes Grant scheme, announced in July 2020 by Chancellor Rishi Sunak, will allow people to claim up to £10,000 towards green home improvements.

This includes air source heat pumps – a greener electrified heating system which is an alternative to gas central heating.

Good Energy’s new tariff will make it cost effective to run a heat pump using 100% renewable electricity, by offering cheaper unit rates at certain periods during the day whilst the national electricity grid is greener and/or experiencing lower demand.

The government’s new grant scheme for installations, combined with Good Energy’s new tariff providing reduced running expense, will make cleaner, greener heating more cost effective.

The Good Energy’s heat pump tariff will have competitive unit rates to benefit heat pump users with higher electricity consumption. It will also have cheaper unit rates at specific times of the day, allowing customers to use their heat pumps more cost effectively during key periods

Juliet Davenport, founder and CEO of Good Energy, said: “The vast majority of homes in the UK are kept warm with fossil fuels in the form of gas. It’s a huge thing to tackle if we are to decarbonise the UK. So, the Green Home Grants scheme is a good move by the Chancellor and Good Energy is helping it go further with this innovative tariff.” 

“This tariff will be designed to make it as easy and affordable as possible for people to get rid of dirty gas heating their home and start using clean electricity from renewables.”