To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he plans to assess the potential effect of the fall in oil prices on the take-up of the domestic Renewable Heat Incentive and heat pump installation.
18 January 2021
There are no plans to assess the potential effect of the fall in oil prices on the Renewable Heat Incentive. The number of heat pump accreditations onto the domestic Renewable Heat Incentive scheme had recovered to pre-Covid 19 volumes by December 2020, and the price of oil may rise again as the world economy recovers from the Covid 19 pandemic. The domestic Renewable Heat Incentive is due to close to new applications in March 2022.