The latest energy price figures released by the Government on Monday reinforce the importance of giving households access to a diverse range of heating options, according to the Stove Industry Association (SIA).

The energy price cap increased by 4% on 1st October, with Ofgem reporting that the majority of the increase is being driven by higher wholesale gas costs.

Gas prices for households on standard variable tariffs have risen by 8%, due to volatile wholesale markets and Middle East conflicts. Meanwhile electricity prices have remained broadly stable, largely helped by the Government removing VAT on domestic electricity from this month until March 2027.

The SIA says the figures underline the value of households having access to more than one source of heat, giving households greater resilience when energy prices fluctuate.

Erica Malkin, Executive Director of the Stove Industry Association, said: “It’s encouraging to see electricity prices remaining relatively stable, but the latest figures also demonstrate how quickly the cost of energy can change, with gas prices rising significantly.

“This underlines the value of having a diverse energy mix and giving households access to different heating options. Having a second fuel for heating, with its own supply chain and pricing dynamics, provides households with an additional source of heat when other energy costs rise.

“Wood burning stoves have an important role to play in that mix, providing a source of heat that is independent of the electricity grid and gas network.

“As the UK considers how best to meet its future heating needs, we should be looking at a range of technologies and fuels rather than assuming there is a single solution that will work for every household. Affordability, energy security and resilience should all be part of that conversation.”

The latest figures come as the Government continues to consider how the UK’s energy system can become more secure and resilient. The SIA is urging Government to take a broad approach to future heating policy, recognising the role that a diverse range of heating options can play in providing choice, affordability and resilience for households, while continuing to work towards improving air quality.