All articles tagged with #utility costs
Assemblyman Angelo Santabarbara has introduced the Utility Rate Hike Legislative Review Act to give the New York Legislature the power to review and potentially overturn recent rate increases approved for National Grid, citing concerns over rising utility costs for upstate residents and seeking greater oversight of PSC decisions.
A new report predicts an 8% rise in utility costs for many Americans this summer, exacerbating the financial strain on low-income households who already face high energy burdens. The report highlights the risks of extreme heat, which is the deadliest weather phenomenon, and calls for increased funding and long-term plans for energy assistance programs. The Inflation Reduction Act aims to expand access to weatherization and efficient cooling systems, but more immediate action is needed to protect vulnerable populations.
PJM Interconnection, the largest U.S. power grid, may face the shutdown of up to 58,000 MW of mostly fossil fuel power generating capacity by 2030, potentially leading to increased consumer prices, as per a report by PJM's Independent Market Monitor. Factors contributing to this risk include a significant decline in prices in the region's capacity market, lower coal and natural gas prices, and regulatory requirements. The report emphasizes the need for securing replacement capacity to mitigate potential utility cost increases for consumers in the region.
Extreme heat in the US has led to a surge in electricity bills, forcing many Americans to choose between food and air conditioning. The rate of utility shutoffs has increased by 15% compared to last summer, disproportionately affecting Black households. The National Energy Assistance Directors Association (NEADA) predicts record cooling costs this summer due to increased demand. President Joe Biden has allocated funds to protect people working in extreme heat and to enhance weather forecasting and infrastructure. NEADA is calling for more states to prevent utility shutoffs during heatwaves and is asking Congress for emergency assistance to help families pay their cooling bills. Suggestions to reduce energy costs include using airflow, arranging furniture for natural airflow, insulating windows, and planting trees for natural shading.