HEATING BILLS COULD JUMP AS MUCH AS 54 PERCENT THIS WINTER

With prices surging worldwide for heating oil, natural gas and other fuels, the U.S. government said it expects households to see their heating bills jump as much as fifty-four percent compared to last winter. Nearly half the homes in the U.S. use natural gas for heat, and they could pay an average $746 this winter, thirty percent more than a year ago. Those in the Midwest could get particularly pinched, with bills up an estimated forty-nine percent and this could be the most expensive winter for natural-gas heated homes since 2008-09, according to the forecast by the U.S. Energy Information Administration.

The federal estimate follows a forecast issued by the state’s largest utility, We Energies. That analysis assumes “average” winter weather compared with the federal forecast which says the winter will be slightly colder than normal. That analysis done by We Energies predicts the typical residential customer will pay $25 more a month this winter compared to last year, assuming an average winter weather. That would increase the typical residential customer’s monthly bill about thirty percent from $80 last winter to around $105.

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