The US will raise the cost of electricity, find out how the measure will affect you
This summer will be particularly more expensive for households in the US, which will increase their energy consumption in the face of high summer temperatures and will end up paying an average of 3.95% more on their electricity bills.
The US Energy Information Administration (EIA) confirmed that, as of the start of the summer season, electricity service providers must approve the increases and start charging consumers more, the SanDiegoUnionTribune reported.
With air conditioners running constantly, American households will end up paying, on average, 0.9% more for the electricity they use at the end of the summer season, according to the EIA.
According to the Vice President of Public Policy at C3 Solutions, Nick Loris, the rise in electricity prices is due to an adjustment in supply and demand, after the two atypical years of the covid-19 pandemic.
“As the economy reopened, demand increased and outstripped supply. The Russian invasion of Ukraine makes things worse," the expert said.
But the cost of electricity will not be the only one to rise during the summer, but gasoline is also expected to have a new adjustment, due to the reformulation of the hot season.
However, not in all states, consumers will pay the same and even the EIA estimates that in several they will pay much more than expected.
In New England, the increase during the summer will be 16.4%, according to the EIA, which will be the region most affected by the rise in prices.
The EIA estimated that households in the US Mid-Atlantic pay up to 8.4% more during the summer, while in the South Atlantic the increase will be 6.5%.
The high prices that are projected for these regions of the US would be related to their dependence on natural gas to produce electricity.
"Continued high global demand for natural gas and rising prices around the world are also driving increases in electricity supply rates here," Eversource Energy told Fox Business.
In some cases, the new upwardly adjusted rates will start charging from July 1.
Miami Daily
Author: MiamiDiario JM 10:12 am