A coalition of industry leaders, including energy companies, manufacturers, and financial groups, has penned a letter to Energy Secretary Claire Coutinho urging the UK Government to retain the Clean Heat Market Mechanism.
This move comes amid speculations of the policy’s termination following lobbying efforts and alleged “price gouging” by boiler manufacturers.
The letter underscores the mechanism’s efficacy in incentivising the adoption of clean heat technologies and its pivotal role in achieving the UK’s target of 600,000 heat pump installations per year by 2028.
Signatories, including Daiken, OVO Energy, and Good Energy, emphasise the policy’s importance as a cornerstone of the UK’s transition to clean heat.
A Department for Energy Security and Net Zero spokesperson told Energy Live News: “No decision has yet been made and we remain committed to our ambition of installing 600,000 heat pumps a year by 2028.
“We want to do this in a way that does not burden consumers and we’ve increased our heat pump grants by 50% to £7,500 – making it one of the most generous schemes in Europe.
“This pragmatic approach is working, with a nearly 50% increase in people applying in December 2023 compared to the same month in 2022.”
Make sure you check out the latest Net Hero Podcast episode:
Net zero is a way to cut your costs and help the planet, so what’s stopping you? Often, it’s just the right help and advice. That’s what we will provide at the Big Zero Show this July. Workshops, expert speakers, case studies and exhibitions. Plus, networking with 1500 peers and potential customers. Register for free now.
