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Most Households Expected To See Lower Electricity Bill This Summer
Updated May 11, 2017 7:55 AM | Filed under: Utilities
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(UNDATED) - Most U.S. households are expected to see lower electricity bills this summer compared to last year as a decline in electricity demand due to milder weather will offset higher retail power prices.

In its new monthly forecast, the U.S. Energy Information Administration says the average residential electricity bill for the upcoming summer cooling season which runs from June through August is expected to be $410. That's down 2.7 percent from last summer.

Electricity prices are expected to be up 2.4 percent on average nationwide in all regions of the country except in the New England states.

Still, consumers are likely to see lower electricity bills because they are expected to use about 5 percent less electricity as temperatures won't be as hot as last summer based on government weather forecasts. However, actual temperatures can vary significantly from initial forecasts.

Almost nine out of every ten U.S. households use some form of air conditioning.

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