Homes heated with oil may see a 4 percent drop in costs, the National Energy Assistance Directors Association says.
A heat pump in a file photograph. Octopus Energy/Handout via PA
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Americans using electricity to heat their homes should be prepared to bundle up a bit more this winter as utility rate increases are expected to escalate by 10.2 percent.
A Sept. 19 announcement from the National Energy Assistance Directors Association (NEADA) forecasts electricity costs will rise from an average of $1,093 in 2024 to $1,205 this year.
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.
