A fireplace is shown in an undated file image. (Photo by Ricardo DeAratanha/Los Angeles Times via Getty Images) Americans are likely going to pay more to heat their home over the winter months.
The average cost of heating a household is set to increase by 17.2% this winter, compared to winter last year, according to a forecast by the National Energy Assistance Directors Association (NEADA), an educational and policy organization for federal programs that help low-income families pay their utility bills.
The group expects the average winter heating bill to increase from $1,025 to $1,202, which would be the highest figure in over a decade.
U.S. residential electric bills are also forecast to increase 7.5% from 2021, according to the U.S. Energy Information Administration’s latest short-term outlook.