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Wednesday, October 13, 2010

U.S. Energy Information Administration Projects Increase in Winter Bills


The Energy Information Administration (EIA) projected today that energy bills will be higher in the winter for New Yorkers.

Those whole use heating oil and natural gas will see an increase, and those who use electric heating will see a decrease.

To lower your heating bills and asses your home's energy use, contact BrightHome about a comprehensive home energy audit or energy efficient appliances.

BrightHome customers are seeing as much as 40% decrease in their energy bills since last year. Click here to read BrightHome customer testimonies.

From the EIA:

Heating Oil.

EIA expects households heating primarily with heating oil to spend an average of about 12 percent more this winter than last winter. About 7 percent of U.S. households depend on heating oil for winter fuel. The Northeast accounts for 80 percent of U.S. heating oil consumption. The average Northeast household is projected to spend 13 percent more ($259) than last winter as a result of a 5-percent increase in consumption and regional prices 8 percent higher than last winter. EIA projects residential heating oil prices in the Northeast to average about $3.06 per gallon during the winter season, 22 cents per gallon more than last winter.


Natural Gas.

EIA expects households heating primarily with natural gas to spend an average of $27 (4 percent) more this winter. About 52 percent of all U.S. households depend on natural gas as their primary heating fuel. The 4-percent increase in natural gas expenditures reflects a 6-percent increase in prices and a 2-percent decrease in consumption.


Electricity.


Households heating primarily with electricity can expect to spend an average of $18 (2 percent) less this winter. Projected household electricity expenditures are 2 percent lower this winter because a 4-percent decline in consumption more than offsets a 2-percent increase in prices.

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