Running costs of heat pumps and gas boilers

How annual costs compare at varying levels of efficiency

Heat pump

Gas boiler (% efficiency)

£1,000

Boiler (85%)

750

Boiler (92%)

Standard tariff

500

Octopus Cosy

Octopus Agile

OVO

250

Increasing heat pump efficiency (SCoP)

0

2.5

3.0

3.5

4.0

4.5

Heat pump

Gas boiler (% efficiency)

£1,000

Boiler (85%)

750

Boiler (92%)

Standard tariff

500

Octopus Cosy

Octopus Agile

OVO

250

Increasing heat pump efficiency (SCoP)

0

2.5

3.0

3.5

4.0

4.5