Heating costs are expected to rise this winter to levels not seen in a decade, according to data from the National Energy Assistance Administrators Association (NEADA).
NEADA the report It is expected that in the cold months of 2022-2023. these costs will rise above $1,200 from $1,025 in 2021-2022.
The association mainly focuses on low-income families who are at particular risk of falling behind on their electricity bills after deciding to pay for medicine, food and other essentials.
NEADA Executive Director Mark Wolfe said Congress has been asked to increase the budget for the Low-Income Home Assistance Program by $5 billion. The program helps cover the costs of heating and cooling homes.
Cooling is important because of the frequent heat waves that have hit parts of the US in recent years.
Wolf said: “We expected prices to rise earlier this year due to increased demand.”
Natural gas prices rose by more than 34%, propane prices by more than 15%, and fuel oil prices went increased by 12.8%. Electricity went up by 7%.
Russia’s invasion of Ukraine, combined with inflation, contributed to higher energy prices.