01

Short answer

Seasonal COP converts useful heat into electricity demand. A COP of 3.4 means 3.4 kWh heat per kWh electricity. Whether that is economic also depends on investment and the gas alternative.

02

Important variables

  • Useful heat demand
  • Realistic seasonal COP
  • Electricity and gas price changes
  • Investment, maintenance and period
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03

Worked example

18,000 kWh heat at COP 3.4 needs about 5,294 kWh electricity. At €0.30/kWh that is roughly €1,588 per year before maintenance.

04

Break-even: What changes the result?

The COP crossover shows the efficiency at which present-value costs are equal. If no root exists in the range, none is invented.

05

Common mistakes

  • Confusing rated and seasonal COP
  • Ignoring gas efficiency
  • Comparing operating cost only
  • Treating energy prices as forecasts
06

Terms in this guide

07

Sources & assumptions

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