Ofgem’s latest price cap landed on 1 July, and the headline is a 13 per cent jump in typical bills. That’s the kind of number that makes anyone with a heat pump, or anyone thinking about getting one, stop and check the sums.
The concept of higher electricity prices sounds like bad news for technology that runs on electricity. However, there’s a twist: the numbers behind the July cap can actually work in favour of heat pumps.
