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America’s Power Bill Shock Is Just Getting Started
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Oilprice.com
According to the NEADA analysis, electricity costs are expected to rise $12.2%, or $133 this winter, while gas prices are projected to rise 8.4% or $54.
Several factors are at play pushing retail electricity prices higher.
Rising natural gas prices are pushing up electricity generation costs.
Additionally, about one-in-six households are behind on utility bills, with Americans collectively owing about $23 billion to electric and gas utilities.
-Fox BusinessAccording to the NEADA report, "Even modest rate increases can force families to choose between paying utility bills and covering essentials such as food, rent or medicine."