Millions of Americans should expect higher electricity bills this summer, although costs could fall in a few states.
Home cooling costs in the U.S. are expected to rise along with the temperature this summer, further straining household budgets.The Energy Information Administration is forecasting that residential electricity bills from June through August will average $173 per month, about 3% more than the same period last year. The agency attributes the projected cost increase to what it expects to be a rise in electricity consumption during the hot summer months.
Where electric bills could rise the mostAmericans in California, Oregon and Washington are forecast to see the sharpest jump in electricity rates, up 7% from a year ago, EIA predicted, while residents in Mid-Atlantic states could see a 4% rise. By contrast, the agency expects rates in New England to fall 7% between June and August.In dollar terms, utility customers in New York, Pennsylvania and Washington, D.C.
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