Heat pump running costs: 2-bed flat
About £357 to £479 a year, compared with £706 for a gas boiler.
How efficiency changes the cost
| Heat pump efficiency | Electricity used | Standard tariff | Cosy Octopus | vs gas* |
|---|---|---|---|---|
| Typical UK install (2.8) | 2,277 kWh | £599 | £446 | saves £260 |
| Good install (3.5) | 1,821 kWh | £479 | £357 | saves £349 |
| Excellent install (4.2) | 1,518 kWh | £400 | £297 | saves £409 |
*Cosy Octopus cost compared with a gas boiler at £706 a year (7,500 kWh of gas at 7.97p plus the standing charge). Typical figures for a 2-bed flat; yours will vary.
What this means for a 2-bed flat
A typical 2-bed flat uses about 7,500 kWh of gas a year for heating and hot water. That is roughly 6,375 kWh of useful heat. A heat pump delivers the same heat using far less energy, but electricity costs more per kWh than gas, so the result depends on how efficient the system is and which tariff you’re on.
The tariff matters as much as the heat pump. On a standard tariff this home would pay about £479 a year. Scheduling the heat pump around Cosy Octopus’s cheap windows brings that down to about £357. How Cosy works →
FAQs
How much does it cost to run a heat pump in a 2-bed flat?
About £479 a year on a standard tariff, or about £357 on a heat pump tariff such as Cosy Octopus, for a good installation (SCOP 3.5).
Is that cheaper than gas for a 2-bed flat?
A gas boiler in a typical 2-bed flat costs about £598 a year in gas, or £706 including the gas standing charge. So a well-installed heat pump on a heat pump tariff should cost about £349 a year less to run.
How much electricity will a heat pump use in a 2-bed flat?
Roughly 1,821 kWh a year at SCOP 3.5, to deliver about 6,375 kWh of heat.
Run your heat pump on cheaper electricity
Cosy Octopus has three cheap windows a day, priced 51% below its day rate. Switch through our referral link and you also get £50 credit.
Get an Octopus Quote + £50 Credit →You need a heat pump and a smart meter. Link checked 5 October 2026.