Your electricity bill is forecast to climb with the summer heat
Air conditioners in windows during a heat wave in New York, US, on Thursday, July 27, 2023. | Photo: Getty Images
Household electricity bills could climb with rising temperatures this summer in the US, according to an analysis by the Energy Information Administration (EIA).
Americans’ monthly electricity bills will likely average $173 between June through August, compared to $168 last summer, the EIA predicts. The slight bump in costs comes from consumers cranking up their air conditioning more to cope with a warmer season than last year. Bills would have jumped higher, if not for lower residential electricity prices helping to balance out some of the increased energy use from air conditioning.
Some regions are likely to be harder hit by the weather than others. Because of heat and humidity along the Gulf Coast, residents in Southern states…
