Americans Will Pay the Most in 25 Years to Stay Warm This Winter
US households face an average power bill of $1,359 this winter, the highest since at least 1997, according to the Energy Information Administration.
Related Knowledge Center: Energy security and pricing
The United States achieved net energy independence in 2020, but that has not insulated the nation from the roiling of energy markets in the wake of the Russian invasion of Ukraine. Europe has been a large consumer of Russian natural gas, and the effort to wean itself, with the help of the United States, has strained markets and endangered global efforts to address the climate crisis.