Viessmann announces heat pump partnership with OVO
Viessmann is delighted to have teamed up with OVO to offer its Heat Pump Plus add-on where customers could save up to £300 a year.
Viessmann is making OVO’s Heat Pump Plus add-on available to anyone using its Vitocal 150-A or Vitocal 151-A domestic air source heat pumps. The partnership is a further step in Viessmann and OVO’s mission to help customers cost-effectively and efficiently transition towards greener heating solutions.
The partnership with OVO means Viessmann customers can take advantage of OVO’s flexible Heat Pump Plus add on of 15p/kWh, delivering an annual saving of up to £300 on the running costs of a Viessmann air source heat pump compared to their standard variable tariff.* The result is a heating solution that cuts costs and carbon.
The saving of £300 is based on the heat pump achieving the the minimum seasonal coefficient of performance (SCoP**) allowed under MCS regulations of 2.8, for a home with an annual heat pump electricity consumption of 3,644 kWh.
Gráinne Regan, Head of Heat at OVO said: “OVO is committed to supporting the adoption of Heat Pumps and this partnership will help do just that by extending our Heat Pump Plus add-on to more customers than ever before. This is good news for Viessmann’s customers and is also part of our wider commitment to help more customers make the switch.”
How Heat Pump Plus saves money
OVO’s Heat Pump Plus enables Viessmann’s customers to run a heat pump at 15p/kWh.
Customers will pay one rate for the electricity their home uses and a lower rate for the electricity the heat pump uses. First, OVO will charge a customer’s electricity usage at the usual rate. Then, once OVO has calculated how much electricity the heat pump used, they will credit back the savings the following month. OVO will view electricity usage by accessing the Viessmann heat pump via the Viessmann ViGuide interface.
Anyone with a Viessmann Vitocal 150-A or Vitocal 151-A air source heat pump who is already an OVO customer can take advantage of the Heat Pump Plus tariff. If a Viessmann customer is not already an OVO customer but wants to move to the Heat Pump Plus tariff, they can switch their electricity supply to OVO, subject to an eligibility check.
Customers also require a smart meter that can send half-hourly readings. However, if a customer doesn’t have a smart meter capable of this, OVO will install one at no extra cost.
Future-proofing the home
The UK Government’s Clean Heat Market Mechanism consultation outlined a target of 600,000 heat pump installations per year by 2028 as part of the roadmap to decarbonise home heating.
Viessmann’s reliable, compact, and greener air source heat pump systems use innovative technologies to efficiently use clean energy for heatin
For more information visit: https://www.ovoenergy.com/campaigns/ovo-viessmann
Please note that calculations and prices are accurate at time of press release, Tuesday 25th June 2024, and subject to change. To get current calculations methods & pricing please visit Viessmann's OVO Heat Pump Plus page
*Actual sum is £303.54. When you add Heat Pump Plus to your plan, your home energy rate will stay the same, but the energy consumed by your heat pump will be charged at an effective rate of 15p per kWh (thanks to payment of your Heat Pump Plus credit).The £303.54 saving is based on an air source heat pump with a UK average Seasonal Coefficient of Performance (or efficiency rating) of 2.8 and an annual consumption of 3,644 kWh with the Heat Pump Plus add-on compared to OVO's average SVT rate of 23.33p per kWh. Actual savings will vary depending on your heat pump usage, efficiency rating and the cost per kWh of your standard home energy tariff.