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Summer electric bill shocker coming

Added 05-18-22 03:04:02am EST - “It is on pace to be a pricey summer for electricity costs creating a new headwind for U.S. households already grappling with inflation.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Summer electric bill shocker coming”. Below is an excerpt from the article.

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Harvard University economics professor Kenneth Rogoff argues that once the Fed raises interest rates, it may be difficult to ‘control’ the economy.

Summer is right around the corner, which means jamming up those air conditioning units. However, with the cost of energy rising, cooling down the house in the midst of the sweltering summer heat is going to cost more than usual. 

The U.S. Energy Information Administration (EIA) estimated that on average there will be an increase of 3.9% in the price of electricity for U.S. households this summer. For the entire summer, the agency projects that the average household is expected to spend 0.9% more for electricity compared to summer 2021, according to the EIA. 

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