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14 | THE PERFECT FIT REGULATORY ASSISTANCE PROJECT Heat pumps offer seven key energy system benefits: Heat pumps can be fully decarbonised: With the power sector decarbonising at a much faster pace than other sectors, heat pumps powered by low-carbon electricity can cost-effectively and sustainably act as a substitute for fossil fuels and bioenergy in heating as the EU transitions to a renewables-dominated power system. Already, with existing electricity mixes, ground source heat pumps have lower greenhouse gas emissions than gas boilers in all EU Member States, and air source heat pumps will reduce emissions in all but two Member States.13 Heat pumps are efficient: By extracting some three to five units of useful heat from the environment for every unit of electricity used, the efficiency of heat pumps means they can substantially reduce fossil fuel consumption even when electricity generation is based on these fuels, allowing for a smaller, more resilient energy system Heat pumps can reduce reliance on fossil fuel imports: The efficiency of heat pumps also means that they can play an essential role in reducing reliance on increasingly volatile fossil fuel imports. Commission modelling shows that, together with improvements in the efficiency of building envelopes (e.g. through thermal insulation), heat pumps and other renewable heating technologies are expected to reduce gas consumption in buildings by more than 40% by 2030 (compared to 2015 levels) and contribute nearly two-thirds of the overall reduction in gas consumption over the same period.14 At current fossil gas spot prices of around €100 per MWh these energy savings in the building sector would reduce fossil gas import costs by nearly €60 billion per year. Heat pumps are cost-efficient for consumers: Due to the energy and resource savings that heat pumps provide they can also achieve running costs similar to or better than fossil fuel heating bills. Recent research suggests that the majority of households will save money after installing a heat pump.15 01 02 03 04 13 14 15 EEB & Coolproducts. (2021). Green heat for all. https://www.coolproducts.eu/wp-content/uploads/2021/10/Green-heat-FS_v6.0indd.pdf. European Commission. (2020c). Impact assessment in support of the Commission communication Com(2020) 562 final: Stepping up Europe’s 2030 climate ambition Investing in a climate-neutral future for the benefit of our people. https://ec.europa.eu/clima/document/download/ec1acac9-10fe-4eeb-915f- cad388990e0f_en Boye Olesen, G., Bo Madsen, H. & Campos, J. (2022). The comfort zone: European users’ perception of renewable heating performance. EEB & CoolProducts. https://www.coolproducts.eu/wp-content/uploads/2022/02/EEB-Heat-Pump-Comfort-Audit-Report.pdf.PDF Image | RAP Perfect Fit Heat Pump
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