Report: More than 20 million households at risk of power outages due to overdue electricity bills
According to a report, more than 20 million US households are at risk of losing power because they cannot pay their utility bills.
The National Association of Energy Support Directors, an organization responsible for collecting data on national energy programs, says one in six households is at risk of a power outage because of a balance. overdue.
#Scotts their burning #energy receipt. Outside #Glasgow Energy headquarters. Meanwhile, 20 million won #Americans are also about to have their utilities cut off. #EnergyCrisis #EnergyPrices pic.twitter.com/oGIvQpkimL
– Lieutenant Colonel Henry Blake (@The_Wonder_Who) August 29, 2022
In a statement to Fox Business, chief executive Mark Wolfe stated that number is “historic.”
Energy price hike
A major contributing factor is the increased cost of energy. According to the Labor Department, in July, natural gas rose more than 30% year-on-year.
While many people see bills rising this summer, households will also have to pay more this winter.
Andrew Lipow, president of the Lipow Oil Association said:
Consumers will pay more for their heating bills this winter. “Whether they use natural gas or heating oil at home, most will be shocked at the sticker,” Fox Business reports.
Lipow went on to say that “natural gas futures prices are now more than double what they were a year ago.”
Utility debt was $8.1 billion in 2019, but it now stands at $16 billion, with delinquent bills growing from nearly $400 to $792.
With inflation at a 40-year high, the cost of living has skyrocketed, leaving many households without electricity.
Roomies, what do you think of this?
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