EDF launches first heat pump tracker tariff

EDF is offering daily off-peak discounts and no peak prices on its new Heat Pump Tracker tariff following its acquisition of a heat pump installer.

Heat pump users that switch to the tariff will save at least £164 against standard variable tariffs, with greater savings for shifting consumption to the off-peak windows.

Having recently acquired leading heat pump installer CB Heating, EDF is offering £750 off new heat pump installations to celebrate the launch of the new tariff.

With two off-peak windows from 4am – 7am and 1pm – 4pm, customers can shift their consumption without the burden of any peak rates.

The announcement responds to recent research conducted by EDF which shows more than two thirds of Brits (67%) 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 top causes for concern include rising costs (71%) and environmental impacts (40%).

Despite their cost and carbon-saving potential, EDF’s study found only 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 perceive 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.

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.”

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