New energy supplier to offer free boiler AND cheaper bills?
Reporting the news, the Daily Mail estimated the the Energetix boiler would generate about 1,600 kWh a year on average, saving about £220 on electricity bills.The proposition is made possible by new boiler technology which generates electricity while the boiler is being used for heating or hot water.
The company is able to subsidise the initial cost of the boiler – around £1,600 – thanks to Feed-in Tariff subsidies it is paid for generating electricity.
The only requirement is that customers sign up to a five-year dual-fuel gas and electricity supply with Energetix, which the firm claims will be cheaper than any offered by the Big Six- British Gas, EDF, Eon, Npower, ScottishPower and SSE
Micro CHP technology
The technology that makes this possible is based on microCHP or ‘combined heat and power’.
Micro CHP is a type of heating technology which generates both heat and electricity simultaneously. Even though most systems use mains gas or oil, the system is more efficient than just burning the fossil fuel for heat and getting electricity from the National Grid.
While micro CHP has existed for years, the new Energetix boilers look just like a normal boiler and are cheaper to manufacture – around £1,600, significantly less than traditional microCHP systems.
The boilers and the five-year energy deals are expected to come to market towards the end of this year.