Highest heating bills in years, U.S. Energy agency predicts
Payne Institute Faculty Fellow Ian Lange contributes to this article discussing the how the Energy Information Administration is predicting the average U.S. household will spend $900 on natural gas or $1,366 on electricity between Oct. 2022-March 2023. The U.S. Energy Information Administration (EIA) is forecasting a spike in this winter’s heating costs, across the board. EIA’s forecast shows the average household will pay roughly $900 between October and March when using a gas heater, or roughly $1300 for electricity. That’s higher than at least the last seven winters, EIA data shows. November 15, 2022.