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Here's were it's going to cost more to cool your home this summer

Here's were it's going to cost more to cool your home this summer

CBSN
Thursday, June 20, 2024 10:10:39 PM UTC

Home cooling costs in the U.S. are expected to rise along with the temperature this summer, further straining household budgets.

The Energy Information Administration (EIA) is forecasting that residential electricity bills from June through August will average $173 per month, about 3% more than the same period last year. The agency attributes the projected cost increase to what it expects to be a rise in electricity consumption during the hot summer months. 

Tens of millions of Americans in the Southwest, Midwest and other regions are suffering through a brutal heat wave. The soaring temperatures and other risks linked to climate change are leading environmental and labor groups to urge the Federal Emergency Management Agency to add extreme heat to its list of scenarios worthy of being labeled a major disaster.

Read full story on CBSN
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