The high electricity prices resulting from the Russian invasion of Ukraine means that more people have opted for heat exchangers and pumps. Richard Granskogli, board chair and CEO of Norwegian heating company Energiverket, says that demand is up three times compared to 2021, but that there is a challenge trying to find enough equipment. He further states that sales have more than doubled over a year, but that this number could have been higher if Energiverket managed to secure enough heat pumps. Granskogli also comments that due to high demand, some customers will have to wait until 2023 on their orders. He adds that heat pumps could reduce electricity costs by up to 75%. The CEO also criticised the Norwegian government's decision to compensate 90% of electricity prices above NOK 0.70 (EUR 0.07 USD 0.07) per kWh as a short-term solution. He said that the energy savings generated by installing heat exchangers is a much better solution.