True Lifetime Costs of a Typical 2 Bedroom Flat

-	Electric	Gas
Installation cost1	£1500	£3000
Annual Fuel Cost2	£264	£138
Annual Safety Check3	£0	£75
Service / Maintenance4	£0	£117
Lifetime (years)5	15	10
Annual running cost	£264	£330
Lifetime cost per annum6	£364	£630

1. Typical electric storage / panel heater installation vs Condensing gas boiler c / w 6 radiators and controls. Excludes hot water cylinder
2. Annual fuel costs for heating and hot water, BRE GPG345
3. Source: National Landlords Assn
4. British Gas Central Heating Care, less cost of annual safety check
5. Industry estimates
6. Annual running cost + installation cost / lifetime