# Heat pumps, air conditioning and refrigeration and Natural gas

Their prices have moved together.

Source page: https://www.materialinsights.org/links/heat-pumps-air-conditioning-and-refrigeration-and-natural-gas/

[Heat pumps, air conditioning and refrigeration](https://www.materialinsights.org/energy/e_heat_pumps/) (energy) and [Natural gas](https://www.materialinsights.org/energy/natural_gas/) (energy): 1 relationship.

## How they are linked

### 1. Price link: competing fuel

*Cost and price · Moderate · Both ways*

The gas price sets what heat pumps save when they replace gas boilers, so dear gas, as in Europe after the recent supply crisis, boosts demand. Yearly moves correlate at 0.53 with European gas, while monthly moves hardly correlate, as equipment prices respond slowly.

- **0.08** monthly change correlation
- **0.53** 12-month change correlation
- **0.16** fitted elasticity

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