Customer spending on electricity expected to increase this summer

EIA’s Short-Term Energy Outlook forecasts the typical U.S. household will spend an average of $426 for electricity this summer (June–August), an increase of about 3% from the average summer expenditures in 2017. The expected increase in electricity bills is a result of forecast higher retail electricity prices and slightly higher projected electricity use to meet increased cooling demand. Source: Today in Energy – Customer spending on electricity expected to increase this summer

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Source: CTRM Center

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