Energy

Utility bills may increase by 10% on average in big cities this summer

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With millions of Americans still at home, about 1 in 3 people nationwide are expected to see their utility bills go up by at least 10% this summer. 

That’s according to renewable energy company Arcadia, which measured the increase in residential energy use from 10,000 customer households across 13 major U.S. cities in March and April 2020 to estimate how much more power Americans consume when under stay-at-home orders or unemployed. Overall, Arcadia estimates Americans in the 13 cities studied (which make up about a third of the U.S. population) will spend between $2 and $37 more on utility bills during June, July and August, just from spending more time at home.

That’s because the more…



Source cnbc.com

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