The most optimistic hope is that the government mandate will force enough demand that manufacturers can enjoy some economies of scale and actually try to compete on price. I don't think this will happen anytime soon.
Electricity (standard): 33.34 p/kWh
Heating oil (gas oil): 10.54 p/kWh
Kerosene: 6.20 p/kWh
Mains gas: 7.68 p/kWh
https://www.nottenergy.com/advice-and-tools/project-energy-c...