New Octopus Energy '£227 a year' heat pump update for customers

NewsUK NewsOctopus EnergyGrants are available from the UK Government up to £9,00010:24, 05 Aug 2026Octopus is seeing record heat pump sales as increasing numbers of people switch from boilers, the energy company said. The firm said it had recorded its best-ever month for heat pump sales in July, which was the sixth consecutive month of growth and saw purchases up 71% on the same month last year.‌Octopus also said its “boiler beater dashboard”, showing performance data from homes with the company’s Cosy heat pumps and Cosy Octopus smart tariffs, suggests customers are saving an average of £227 a year versus a gas boiler. And 94% of the heat pumps are cheaper to run than a gas boiler at current rates, the company said.‌The UK Government has subsidies in place for heat pumps, of £7,500 for re