Geothermal direct use and ground-source heat pumps and Natural gas

Their prices have moved together.

Geothermal direct use and ground-source heat pumps (energy) and Natural gas (energy): 1 relationship.

How they are linked

1. Price link: rival source

Cost and price · Moderate · Both ways

Gas boilers are the main rival for heating, so high gas prices raise demand for heat pumps. The indices show this only over a year, with 12-month changes correlating at 0.42.

• -0.10 monthly change correlation
• 0.42 12-month change correlation
• 0.09 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.