Home Heating Costs Are Rising

Heating costs for the upcoming winter season are expected to increase by 17%, mainly impacting lower-income families, according to a new report from National Energy Assistance Directors Association. Home energy prices have gone up more than 35% between 2020-2021 and 2021-2023, according to the report. The study found that the cumulative costs of heating homes could go from $127.9 billion in 2021-2022 to nearly $150 billion between 2022-2023, with the added expenses impacting low-income families the most.