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EIA Expects Higher US Energy Bills This Winter


US households are likely to spend more on energy in the approaching winter compared with recent winters according to the EIA Winter Fuels Outlook.

  • This winter, higher retail natural gas prices are the main driver for the expected increase in natural gas bills. EIA expect retail natural gas prices to rise 22% on average, from $13.02 per thousand cubic feet (Mcf) last winter to $15.95/Mcf this winter.
  • Colder temperatures and slightly more household consumption are also expected to drive higher natural gas bills compared with last winter. For households that use natural gas as their primary heating fuel (about 47% of US homes), they expect average consumption to increase by 5% yr/yr.
  • The EIA base case projects that US average household expenditures will see a 28% increase in natural gas costs, a 27% increase in heating oil costs, and a 10% rise in electricity costs, from October to March, compared to last winter.

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