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Tuesday, 27 October 2026

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Heat pump sales soar across Europe after states cut electricity taxes, data shows

Markets Brief gilt-and-policy note (2026-09-28): EU to push member states to cut tax rate below duty on gas, with 11% surge in sales also put down to fallout from Iran warBusiness live – latest updatesEurope… Primary source: original at The Guardian (theguardian.com).

EU to push member states to cut tax rate below duty on gas, with 11% surge in sales also put down to fallout from Iran war

Sales of residential heat pumps jumped across Europe in the first six months of the year as the Iran war sent oil and gas prices rocketing and some countries lowered electricity taxes.

Homeowners bought 1.16m heat pumps across 12 European countries, up from 1.05m in the first half of 2025, according to the European Heat Pump Association (EHPA).

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