Summer residential electric bills to hit four-year low

The average U.S. household electric bill is expected to total $395 for June through August, according to the U.S. Energy Information Administration (EIA). That total is down 2.5 percent from last summer and the cheapest in four years.

The higher electricity prices are expected to be offset by a drop in electricity use to meet lower cooling demand due to forecasted milder summer temperatures.  Average electricity demand is expected to be down 4.6 percent this summer, while average retail prices are expected to increase 2.2 percent, according to the June Short-Term Energy Outlook, resulting in lower power bills for June-August.

Summer power bills are expected to be lower throughout the U.S. except for the West South Central region and the Rocky Mountain states (below), where increased electricity prices will outweigh lower power consumption.

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