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Electricity costs expected to hit record high this summer, new analysis finds

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Electricity costs expected to hit record high this summer, new analysis finds
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A new analysis projects how much Americans will pay for electricity from June to September, depending on their state of residence.

A new analysis from the National Energy Assistance Directors Association estimates that Americans will spend an average of nearly $800 on electricity between June and September, up 10.5% from the same period last year.

"Electricity prices continue to rise, and hotter summers mean households need to use more electricity simply to stay safe," Mark Wolfe, executive director of NEADA, said in a statement. "The result is that Americans are paying substantially more to cool their homes than they were just a few years ago. "NEADA's analysis also examined how much Americans will pay from June to September, depending on where they live.

The state-level estimates are based on electricity data from the Energy Information Administration and the National Oceanic and Atmospheric Administration's regional temperature forecast. Arizona residents will likely face the steepest electricity costs this summer, with NEADA projecting that households in the state will spend $ 1,060, up nearly 14% from last year. That's followed by Connecticut, where the group estimates residents will spend $944, up roughly 11% from the summer months in 2025.

Washington and North Dakota are projected to see the lowest power bills at $488, NEADA found. Americans are facing higher utility costs at a time when they are already struggling to stay afloat financially. Roughly half of Americans feel they arethan they were a year ago, according to a recent survey from the Federal Reserve Bank of New York. Power outages persist more than 3 days after Illinois, Indiana tornado outbreak

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