For reference, the issue has been a central part of the discussion on heat pumps in Denmark, where electricity use for heat pumps has not only been subject to payments for distribution and transmission tariffs (around 25 EUR/MWh), but also electricity taxes and PSO. There are plans to significantly reduce the latter two requirements toward 2022, when PSO (approximately 23 EUR/MWh Q4 2017) will be completely phased out and electricity taxes will be reduced to 20 EUR/MWh from the current level of around 54 EUR/MWh. It appears that heat pumps are competitive with new biomass and gas-based generation, even with the low COP used as a standard assumption. All technologies are assumed to produce 5000 full load hours per annum.