Reliance on Natural Gas Explains Why Electricity Bills Are So High

March 17, 2022

If you are staring at your energy bill this winter and wondering why it is so high, you’re not alone.

The cost of natural gas went up 24 percent in February compared to the year before and electricity went up by nine percent, The Guardian reported. This means that customers are seeing some of their highest electricity bills in years, The Wall Street Journal reported.

“[Prices are] some of the highest energy prices and electricity prices we’ve seen in recent memory, if not ever, depending on the geography,” Bank of America analyst Julien Dumoulin-Smith told NBC News last month. “That is hitting consumers right now.”

https://www.ecowatch.com/electricity...-gas-cost.html