Household electricity bills could climb with rising temperatures this summer in the US, according to an analysis by the Energy Information Administration . Americans’ monthly electricity bills will likely average $173 between June through August, compared to $168 last summer, the EIA predicts. The slight bump in costs comes from consumers cranking up their air conditioning more to cope with a warmer season than last year.
Wholesale electricity costs there have risen since 2022, in part because of a heat and drought-induced shortfall in hydroelectricity generation. Households along the Pacific could see their electricity bills go up an average of $11 per month this summer, according to the EIA. To be sure, the EIA says that weather is “the main source of uncertainty” in its forecasts for folks’ utility bills. If this summer winds up being hotter than expected, households could wind up paying even more.
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