B_0215_Buzz_Electrical

Winter Heating Bills Projected to Increase

Oct. 13, 2016

Expenditures for nonelectric fuels are expected to increase from last year, but are similar to winters from 2010–11 through 2014–15.

A majority of U.S. facilities and households can expect higher heating bills this winter compared to last year's time period from October through March, according to EIA's Winter Fuels Outlook. Although the costs will be more, it is important to note that heating expenditures for fuels were especially low last winter when energy prices were low and warm weather reduced heating demand to the lowest level nationally in 25 years. And even though expenditures for nonelectric fuels are expected to increase from last year, expenditures are similar or lower than the average winters from 2010–11 through 2014–15. By comparison, electric heating prices and their associated costs are expected to remain relatively stable.

Winter heating expenditures are a function of expected fuel prices and demand for heating. EIA’s projections of heating demand are based on the most recent temperature forecasts from the National Oceanic and Atmospheric Administration (NOAA), which reflect weather that would be 13% colder than last winter but about 3% warmer than the previous 10-year average. 

To read more about the EIA Winter Fuels Outlook, please click here.

Voice your opinion!

To join the conversation, and become an exclusive member of Buildings, create an account today!

Sponsored Recommendations

Decarbonization 2024: How Digital Tools Minimize Your Carbon Footprint

Discover the untapped potential of digital electricity infrastructure in revolutionizing building electrification and decarbonization, unlocking a sustainable future while reducing...

Building Security & Technology Series: Webinar 3 - Proptech

Date: May 22, 2024Time: 1:00 PM EDT / 12:00 PM CDT / 10:00 AM PDT / 5:00 PM GMT Duration: 1 Hour eachGold Sponsors: Genetec, ISS, PrometheusSilver Sponsors: Eagle Eye Networks...

Building Security & Technology Series: Webinar 4 - Lessons Learned

Date: May 29, 2024Time: 1:00 PM EDT / 12:00 PM CDT / 10:00 AM PDT / 5:00 PM GMTDuration: 1 Hour eachGold Sponsors: Genetec, ISS, PrometheusSilver Sponsors: Eagle Eye Networks,...