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<p>Heat pumps are a widely suitable and cost-effective way to decarbonise heating
in our homes. They can already be cheaper to run than a fossil fuel system, particularly
where consumers have a sufficiently insulated home and heating systems are designed
to operate at the lowest possible flow temperature. Nevertheless, the Government recognises
that addressing current distortions in electricity and gas prices is important to
make it easier for consumers to switch to low-carbon heating. The Government accepted
a recommendation in the 2022 Independent Review of Net Zero to make significant progress
on rebalancing of gas and electricity prices by the end of 2024.</p>
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