The Boiler Upgrade Scheme, which grants households in England and Wales £5,000 to help switch from a gas boiler to a low-carbon heat pump, has been described as "seriously failing" by a Lords inquiry.
The enquiry found that only a third of the low-carbon heating scheme’s annual budget has been used since its launch in May 2022.
The Committee said that by the end of January this year, £49.7m in vouchers had been issued, equating to 7,641 installations, according to Ofgem figures. The scheme has been allocated £150m a year in funds for three years.
As a result, the Committee has written to Parliament warning that if the current take-up rate continues, only half of the allocated budget will be used to help households switch to low-carbon heating systems.
Currently, heating in UK homes is responsible for nearly 17 per cent of the country's greenhouse gas emissions.
To address this issue, the government launched its Boiler Upgrade Scheme in...