The heat is rising and so is your power bill.
Power Bills To Jump by 8% This Summer
The National Energy Assistance Directors Association and the Center for Energy, Poverty, and Climate report that US home energy bills are expected to rise by nearly 8% this summer.
Mid-Atlantic and west coasts states could see their power bills increase by even more at around 12%! Bills could increase by 10% in the south and midwest.
Summer cooling bills from June to September in 2024 are expected to reach $719 for households. Cooling bills were around $476 ten years ago.
Currently, around 21 million Americans are behind on their power bills.
The report stated, “For many Americans, especially low-income households and members of vulnerable populations, the difference can be as stark as either staying safe and cool or ending up in the emergency room as a result of heat stroke, heart attacks, or other heat-related conditions.”