U.S. home power bills forecast to jump nearly 8% this summer – report (NYSEARCA:XLU)

Home energy bills in the United States are expected to rise They are rising 7.9% on average this summerTemperatures are expected to reach record levels, according to a study released Monday by the National Energy Assistance Directors Association and the Center on Energy, Poverty, and Climate.

The Mid-Atlantic and West Coast states are expected to see the largest increases in home electricity costs from June to September, rising 12% year-over-year, while home electricity costs are likely to rise about 10% in the Midwest states and parts of From the south. a report He said.

Summer cooling bills from June to September are expected to reach $719 for households compared to $476 a decade ago, with costs varying geographically from an average of $581 for the season in Wisconsin, Michigan, Illinois, Indiana and Ohio, the organizations said. Up to $858 in Texas, Oklahoma, Arkansas and Louisiana.

“These estimates can, in fact, reduce The report warned of the ultimate costs of home cooling this summer if temperatures continue to reach record levels.

NEADA and CEPC estimate that 21.2 million American households, or 16%, are behind on their energy bills.

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