A hydrogen-ready boiler will cost no more than its natural gas equivalent as a result of a new price-promise being made by the UK’s major boiler manufacturers.
Several major boiler manufacturers in the UK are promising that hydrogen-ready boilers will cost no more than their natural gas equivalents.
A group of the boiler industry’s Big Four, Worcester Bosch, Vaillant, Baxi and Ideal has formed a joint initiative to reduce carbon emissions from home heating and hot water, helping to deliver the UK’s net zero goal.
The price-promise could save customers upwards of £2.3 billion, since boilers by Worcester Bosch, Vaillant, Baxi, and Ideal will not cost any more than natural gas boilers made today. The conversion of every natural gas boiler to hydrogen will require one hour of labor for every hydrogen-ready boiler.
Mike Foster, chief executive of the boiler industry’s trade association, the Energy and Utilities Alliance (EUA) said, “Our own research tells us that consumers want to do their bit to reduce the impact of their homes and help deliver a greener future but are concerned about the cost of some low carbon technologies. This price-promise from the Big Four ensures that consumers will be able to access an affordable low carbon heat and hot water solution.”
The price-promise, which was delivered in a letter to Kwasi Kwarteng, the Secretary of State at the Department of Business, Energy and Industrial Strategy, will force many industry experts to rethink their models, says Mr Foster. “The Committee on Climate Change, which advises the government, assumed that a hydrogen-ready boiler would cost £100 more than a natural gas boiler and that the total cost to consumers of decarbonising their homes would be £2.3 billion. The price-promise is a great deal for consumers.”
The EUA’s recent report, Too Close to Home, revealed that tackling climate change is regarded as a priority for consumers but the majority are unwilling to pay more than the cost of a new boiler.
Hydrogen-ready boilers, that can be installed to run on natural gas but easily switched to hydrogen and have been successfully tested by the Health and Safety Executive, which published their findings earlier this month.
Mr Foster says British manufacturing ingenuity lies behind the price-promise. “This is another example of British companies leading the way on net zero. The manufacturers have been very clever in using existing components and technologies to keep the price of hydrogen-ready boilers down. What’s more, hydrogen-ready boilers will work in the same way as natural gas boilers with no changes required to pipework, radiators or the installation of a water tank.
“The boiler manufacturers have developed a boiler that works; they support a 2025 mandatory roll-out of the technology and now they’ve found a way to keep costs down. The Big Four boiler companies compete ferociously against each other, but they have come together for the benefit of UK consumers and the good of the planet.”
For more information on renewable heating and to see the EUA’s latest report, Too Close to Home, visit: https://eua.org.uk/too-close-to-home/