Incentives for greater use of heat pumps

Two of the three main heating fuels (oil and natural gas) are expected to debut at significantly reduced prices this winter compared to last, while a small increase will be seen by households and businesses that use electricity to stay warm, based on the current picture of the energy market.

However, it is likely that users of electric devices for heating will end up being the winners this year, as the government is mulling an increased subsidy scenario in relation to heating oil and natural gas.

The aim is for consumers to switch to cleaner forms of energy, and in this context, in addition to the increased heating allowance, the Environment and Energy Ministry is preparing a subsidy program for heat pumps.

The program, which is expected to begin this fall, will subsidize 50%-60% of the cost of purchasing and installing a heat pump in stages, introducing degree...