OVO cuts heat pump running costs and partners with Heat Geek

OVO has launched Heat Pump Plus – cutting running costs by 50% to just 15p per kWh and also revealed a partnership with Heat Geek.

Homeowners supplied by OVO can now benefit from a home upgrade from Heat Geek installers, unlocking the most efficient installs and the lowest ongoing running costs.

With Heat Pump Plus, it’s £500 per year cheaper to heat the average home, making it cheaper to run than a gas boiler. The type of use add-on means customers have two rates – one for their heat pump and one for the rest of their home’s energy usage.

Research conducted by OVO shows that nearly half of the population (45%) would install a heat pump if running costs were 40% cheaper than today’s average rate. That equates to almost 12.7 million homes – far surpassing the government’s target, and helping the UK (and OVO) reach net zero, quicker.

The running costs of a heat pump are a primary concern for four in five households when choosing a heating system, with over a third (35%) saying running costs were more important than the initial costs.

OVO has already installed thousands of heat pumps in local authorities and housing associations, to give people on lower incomes greener homes, through OVO Energy Solutions. Building on its experience, OVO is partnering with Heat Geek to deliver the highest quality installation experience and will guarantee maximum efficiencies are achieved.

Mat Moakes, Chief Commercial Officer, OVO, said:

The UK is trailing far behind Europe on its heat pump installations. By halving the running costs of a heat pump, we’re helping to level the playing field between gas boilers and heat pumps, making them a more viable option for those wanting to make the green switch to electric. But this has to be the case across the board. It’s time to shift policy costs from electricity to general taxation so everyone can benefit from greener, cheaper electric heating systems, sooner.

Aadil Qureshi, CEO, Heat Geek, said:

One of the fundamental challenges to mass uptake of heat pumps is that we don’t have enough skilled heat pump installers in the UK. Our solution is to train thousands of local installers, and empower them with the knowledge and digital tools to unlock the highest efficiency installations in the industry. Combining OVO’s Heat Pump Plus with a Heat Geek install, homeowners can turn these high efficiencies into significant savings for the lifetime of their system, all delivered by a certified Heat Geek from their local area.