Europe is urging member states to reduce electricity taxes below those on gas as heat pump sales surge amid rising energy costs. The conflict in Iran has driven up oil and gas prices, accelerating demand for cleaner alternatives. Preliminary data shows a notable increase in residential heat pump installations across 12 European nations in the first half of the year. The shift reflects both economic pressures and policy adjustments aimed at easing the energy transition.
EU to push members to cut tax rate below duty on gas, with 10%+ surge in sales also put down to fallout from Iran warBusiness live – latest updatesEurope live – latest updatesSales 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). Continue reading...
