Report highlights benefits of biomass heating
A report released by European-based heating company Innasol and business consulting firm Frost & Sullivan takes a detailed look at the U.K. heating industry and examines the savings homes and businesses can achieve by implementing renewable heating systems.
According to the report, renewable heating applications in the U.K. have been restrained by a lack of awareness and understanding of benefits. An estimated 74 percent of U.K. residents don’t know that biomass systems are a potential renewable heating solution.
However, the analysis indicates that renewable heating systems in the U.K. are already cheaper than fossil fuels. The report puts the price of wood chips at 3.3 pence (5 cents) per kilowatt hour (kWh) and the price of wood pellets at 4.5 pence per kWh, lower than both electricity and natural gas. The report also shows that the price of wood pellets has risen only 6 percent since January 2000, averaging a less than 0.5 percent increase per year.