Americans are bracing for a winter full of pain as the cost of electricity and heating continues to surge.
According to a forecast from the nonprofit National Energy Assistance Directors Association, first reported by CBS, the average household will pay about 17 percent more this winter compared to last winter to heat their home, marking a 10-year high of $1,202 per property.
“This would be the second year in a row of major price increases,” the forecast states. “Between 2020–21 and 2021–23, the cost of home energy would increase by more than 35 percent.”
“Of even greater concern, the total cost of home heating would increase from $127.9 billion to an estimated $149.9 billion,” the forecast states. “The additional costs will fall hardest on lower-income households.”…