MeridStreet Open terminal →
TRADE & SANCTIONS

Heat pump sales soar across Europe after states cut electricity taxes, data shows

·The Guardian·Impact 4/5 · High

Sales of residential heat pumps have surged across Europe in the first six months of the year. This increase is largely attributed to the recent Iran war, which has driven up oil and gas prices. Additionally, several European countries have cut their electricity taxes, making heat pumps a more attractive option for homeowners. As a result, heat pump sales have jumped by 10% compared to the same period in 2025.

Read the source report: The Guardian →

Why it matters

EU states cutting electricity taxes is boosting heat pump sales. The Iran war fallout is also driving demand for alternative energy sources.

Market impact

Impact score
4 / 5
Market signal
Positive / risk-on
Category
Trade & sanctions
Model confidence
80%

Markets & countries in focus

EurozoneIran

Transmission channels

Tax cuts→Increased demand→Heat pump sales rise→Renewable energy growth→Fossil fuel decline

Likely winners & losers

Winners

  • Renewable energy
  • Heat pump manufacturers
  • EU equities

Under pressure

  • Gas suppliers
  • Fossil fuel companies

Explore the intelligence

Open the live MeridStreet terminal →

MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to The Guardian. For information only — not financial advice.