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US summer home power bills to jump by nearly 8%, energy policy organizations say

Reuters reports that U.S. home power bills are expected to jump by nearly 8% this summer.

The C3 Take
  • A study released on Monday by the National Energy Assistance Directors Association and the Center for Energy, Poverty, and Climate estimates that summer power bills will increase by 7.9% this year.
  • Mid-Atlantic and west coast states will see the highest jump, 12%, while states in the Midwest and South will see rates climb by 10%.
  • This increase is driven by increased use of home cooling to offset rising temperatures.

“Mid-Atlantic and west coast states are forecast to have the biggest hikes in home electricity costs from June to September, jumping about 12% from the same period last year, said NEADA and CEPC, which are both Washington-based policy organizations focused on affordable energy access for people with low incomes. Steep rises of about 10% are also likely for Midwestern states and parts of the U.S. south, the organizations said.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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