After a huge pledge from UK manufacturers, Britons will save £2.3 billion by switching to green boilers.
This website can exclusively reveal that Britons are expected to save £2.3 billion in a move to become green after the UK’s “Big Four” manufacturers pledged hydrogen-ready boilers at no extra cost to the user.
Worcester Bosch, Vaillant, Baxi, and Ideal have reached an agreement on a price that will be no more expensive to install than a natural gas boiler. The Climate Change Committee, which released its sixth carbon budget in December, cautioned that replacing a natural gas boiler with a hydrogen boiler would cost £100 extra per appliance. However, because there are 23 million gas heaters in British households, this new price guarantee might save the UK £2.3 billion.
“£2.3 billion is a substantial figure, and it doesn’t have to come out of the purses of consumers anymore,” Mike Foster, Chief Executive of the boiler industry’s trade body, the Energy and Utilities Alliance (EUA), who mediated the arrangement, told This website.
“This will assist us in achieving net zero at the lowest cost and with the least amount of disruption.”
The Heat and Building Strategy, which will be released next month, will outline how the government intends to handle possible concerns for households, such as the high cost of electricity compared to gas.
This “price distortion” is considered as a roadblock to promoting low-carbon options in the house, such as hydrogen boilers and heat pumps.
The cost of becoming green is causing alarm among homeowners.
A semi-detached or mid-terrace house currently costs around £600 per year to heat.
After subsidies, the cost of installing a heat pump is currently between £7,000 and £8,000, reducing annual rates down to around £500.
A hydrogen boiler would cost around £3,000, with annual hydrogen expenditures of around £900.
Consumers consider climate change to be a concern, according to the EUA’s Too Close to Home report, yet the majority of them are unwilling to pay more than the cost of a new boiler.
Domestic heating and hot water should be a primary focus in achieving our climate change goals, according to up to 59 percent of those who replied to the study.
The hydrogen-ready boilers will be simple to install, according to Mr Foster, because they are connected to the same pipe network as natural gas boilers and are the same size.
“There is none.” Brinkwire Summary News, he added.