Home electricity bills may reach a 12-year high this summer, driven by high temperatures, inflation

High temperatures projected across the U.S. summer could take a toll on Americans' budgets by driving up the price of keeping homes cool. 

Home electricity bills are expected to rise to an average of $784 for the summer period, up more than 6% from $737 in 2024 and marking a 12-year record, according a new analysis from the National Energy Assistance Directors Association (NEADA). 

The growing expense comes on the heels of a cold winter that drove up heating costs for many Americans, and as consumers continue to grapple with higher prices on everyday goods. Consumers are also increasingly expressing concerns about how tariffs could affect their day-to-day costs, Gallup polling has found.