According to National Grid, heating and electricity prices are expected to rise in homes in the northeastern United States this winter.
In a conference call with reporters on Tuesday, a spokesperson for National Grid said it predicts the average home heating bill this winter will rise by $263 to $943 this winter, up 39 percent from last year, Times Union reported.
Electricity prices are also expected to rise 22 percent, about $116 more than last winter.
“The estimate is based on an average of 600 kilowatt-hours of electricity consumption per month,” the company said in a press release on Wednesday. Said.
The British gas and electricity company, which also serves homes in the northeastern US, has acknowledged pressure from customers due to higher energy prices.
“We understand that higher energy prices will increase the financial burden for our customers, who are struggling with higher costs at grocery stores, gas stations and elsewhere,” said Melanie Littlejohn, CEO of National Grid.
The electricity company said on Tuesday that the rise in home heating prices was a result of wholesale natural gas prices, which reached their highest level since 2006. The National Grid also blamed the increase in gas delivery rate.
U.S. President Joe Biden signed executive orders after speaking about climate change issues at the White House State Dining Room in Washington DC on January 27, 2021. On Wednesday, President Biden signed several executive orders related to the climate change crisis, including the suspension of new oil and gas leases on public lands. (Photo by Anna Moneymaker-Poole/Getty Images)
For the second year under President Joe Biden, service prices are expected to be higher than last year.
Last November, the price of home heating fuel increased by 114.8% compared to 2020, while the price of housing gas increased by 29.7% and 5%. Breitbart News says residential gas prices are 0.6%.
U.S. natural gas futures markets are up 95 percent this year compared to last year. forbes.
While Americans are aware of the possibility of another winter of high utility prices due to high inflation, Europeans are preparing for a disastrous energy crisis this winter as electricity prices soared astronomically from last year due to the West’s war of sanctions against Russia.
You can follow Ethan Letkeman on Twitter at: @EthanLetkeman.
Source: Breitbart
