Heating costs expected to jump 9.2 percent this winter
NEADA projects average heating expenses will reach $995 this winter, driven by colder weather, higher natural gas prices, and rising electricity demand including from AI data centers.
- This week NEADA's report says heating costs will rise by an average of 9.2% and U.S. households could spend $995 on home heating from mid-November to March.
- NOAA forecasts December will be about 8% colder than recent averages, with higher natural gas prices, increased electric demand, and an aging electric power grid driving heating demand.
- Surging demand from artificial intelligence data centers has pushed wholesale prices 267% higher in five years, while canceled clean-energy projects removed 24,958.5 megawatts of planned generation, enough to power more than 13.17 million homes.
- Low-Income families are being directed to federal assistance programs as about 4 million households could face power shutoffs this winter, NEADA said.
- This year the average monthly electric bill has already jumped 10%, and NEADA said electric-heated homes could face winter bills near $1,233 t while gas-heated homes may pay about $704.
14 Articles
14 Articles
Heating Prices Surge as Utility Bills Grow Faster Than Paychecks
It’s time to get the fleece-lined leggings out: Heating costs will probably spike more than 9% this winter, the National Energy Assistance Directors Association found in its latest report. That gain outpaces inflation, which hit 3% in September and is expected to remain roughly the same for November when it’s reported Thursday (after a government-shutdown-induced lag). NEADA said households will spend just short of $1,000 on heating this winter.…
Heating costs expected to jump 9.2 percent this winter
A new report projects that home heating costs will rise by 9.2 percent this winter, with colder temperatures and increasing energy prices playing a role. The report from the National Energy Assistance Directors’ Association (NEADA), which represents state governments in securing federal funding, projects that households will spend $995 on heating this winter, an increase...
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