S
Smiffy
Well-known member
thats not how it works.
The main issue at the moment is electricity price per KWH is set by the wholesale gas price as gas is by far the biggest generator of electric. This is why we are now at 50p kwh capped when there has been zero increase in costs to the massive offshore wind farms.
Octopus energy do a 30min tariff whereby sometimes overnight where there is an excess of wind energy on the grid they pay you to take it. They are doing this out of their own pocket currently but there is strong mutterings of electric prices being de-linked from gas. They need to do this as the only way gas boilers will be binned is if they cost more to run than a heat pump to run.
I'm in the middle of renovating our next pad, an old 1920's building. I'll be making it near passiv standard (enerphit is the jargon for refurbs) by making it airtight and insulating the floors, walls and ceilings. It will require less than 3kw of heating for a 250m2 house. The costs are mainly labour and time.
In France/Belgium they dont have the mickey mouse EPC rating like we have, they rate the property in kwh/m2 of energy demand per year so you can immediately see which are s**t.
Heatpumps are a no brainer for hot water as you get double out compared to an immersion for the same money, they just need a non leaky well insulated house which unfortunately practically none (including new build) of our housing stock is.
Banks will sort it in the end as mortgages on low rated properties will be unavailable or very expensive. Market works in the end.
I think that's a very long way off though. We will basically have to flatten the country and start again. I suppose it's jobs for the boys. And if we where to do it it needs a bit of organization so that infrastructure can be sorted simultaneously.