Cost Benefits of Wood & Multi-Fuel Stoves

Amid the cost of living crisis and rising fuel prices throughout the UK, many are looking for cheaper, alternative ways to heat their homes during the winter months. Wood-burning stoves (also known as log burners), solely run on wooden logs, pellets or chips. Multi-fuel stoves enable you to burn other materials such as coal in addition to wood, making them more versatile and a functional heating solution for your home.

Benefits of Stoves

Many Brits simply enjoy the aesthetics of stoves, with 96% of UK homes that burn wood already having existing heating systems in their property. However, with the challenging gas and electricity prices, many may opt for a wood-burning stove over traditional central heating going forwards.

Stoves are also much more efficient than an open fire – most of the heat from an open fire is lost up the chimney whereas around 80% of the heat from a stove will heat up the room and only 20% will travel up the chimney.

A lot of stoves on the market are now “dual-fuel” meaning there are different options when it comes to burning fuels – always make sure to only burn approved materials and wood with a moisture content of less than 20%.

Initial Cost of Purchase & Installation

While the initial cost of purchasing and installing your new stove is an upfront cost, they will save you a lot of money for years to come. Our most economical option is the Derwent Multi-Fuel stove, which has an impressive efficiency rate of almost 81%. All of our stoves are up to HETAS regulations and our installation service is carried out by one of our experienced team, which includes a pre-installation chimney sweep.

Ongoing Costs of Fuels

The cost of firewood varies across the UK, but according to research conducted by the Stove Industry Alliance (SIA), the average cost for 1 cubic metre of kiln-dried firewood logs is around £120-140. Using this same research, a log burner will use around 3.5 cubic metres of wood when used during the evenings and weekends from October to April. This means a rough estimate for a heating bill whilst using a wood burner is between £420 and £490. The SIA stated: “A wood-burning stove costs about a third of the price of electric heating and approximately 13% less than gas central heating for the average household under the current price cap. This saving will further increase as fuel prices continue to rise.”
These figures are based on energy prices as of October 2021.

Final Thoughts…

People commonly assume that wood-burning stoves are bad for the environment and release dangerous particles into the air. But don’t worry, From 2022, all wood-burning and multi-fuel stoves must adhere to strict new guidelines known as Ecodesign, and these stoves will now carry an SIA (Stove Industry Alliance) approved Ecodesign Ready Stove quality assurance.

For any further information about wood or multi-fuel stoves and their benefits, simply get in contact with us, and we will be happy to provide you with impartial information and guidance.

Published On: 15/11/2022Categories: Blog

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