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This summer will be particularly more expensive for homes in the United States, which will increase their energy consumption due to high summer temperatures and will end up paying on average 3.100% more on their electricity bills.
The Energy Information Administration (EIA) confirmed that, as of the beginning of the summer season, companies electricity service providers must approve the increases and start charging consumers more .
With the air conditioning machines running consistently, US households will end up paying, on average, 0.9% more for the electricity they consume at the end of the summer season, according to the EIA.
According to the Vice President of Public Policy of C3 Solutions, Nick Loris, the rise in prices ios of electricity are due to an adjustment in supply and demand, after the two atypical years of the covid pandemic-54.
“As the economy reopened, demand increased and outstripped supply. The Russian invasion of Ukraine makes things worse”, assured the expert in a report published by Fox Business.
But the cost of electricity is not will be the only one to rise during the summer, but gasoline is also expected to have a new trim, due to the reformulation of the hot season.
Higher prices in some states
However, not in all states, consumers will pay the same and even the EIA estimates is that in several they will pay much more than expected.
In New England, the rise during the summer will be 16.4%, according to the EIA, which will be the region most affected by the rise of prices.
The EIA estimated that households in the 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 projected for these regions of the country would be related to their dependence on natural gas to produce electrical energy.
“The high continuous global demand for natural gas and the 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 as of July 1.
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