US Electricity Bills Seen Rising Most in Three Years This Winter
(Bloomberg) -- US households will see their winter electric bills climb by the most in three years, according to the Energy Information Administration.
Average residential consumers are poised to spend $1,130 on electricity this year, a 4% increase from 2024, the agency said in its winter fuels outlook. The jump is almost entirely the result of higher retail power prices, as the cost of heating fuel is seen declining this winter.
READ: AI Data Centers Are Sending Consumer Electric Bills Soaring
Utility bills across the country have already been on the rise as the proliferation of AI data centers fuels a demand surge that’s raising prices for all consumers. In some regions, the cost of rebuilding infrastructure after extreme weather events is also driving up expenses.
The biggest increase is expecting in the South Atlantic region spanning Delaware to Florida, followed by New England. The rise in power costs come as households using propane or heating oil see some relief: Spending on propane is projected to fall 9%, and heating-oil expenditures 8%, supported by ample inventories and lower crude prices.
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