‘Electric households’ better off by more than £1,000 per year

Households, which switch to electric vehicles (EVs) and heat pumps, could be up to £1,600 a year better off when October’s price cap hike comes into force, according to new analysis from the Energy and Climate Intelligence Unit (ECIU). The think tank said what it dubs "electric households" are already seeing average savings in running costs of £1,180 per year when compared to those reliant on petrol cars and gas boilers. 

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