Tag Archive for 'Energy Information Administration'

Feds: Expect lower heating bills this winter

Winterheating250Consumers can expect to pay less this winter because of lower fuels costs and more moderate temperatures, the Energy Information Administration (EIA) said Oct. 6.

In its Winter Fuels Outlook, EIA also said residential heating bills will be at their lowest level in three years.

According to EIA, residential ratepayers who use electricity as their primary sources of warmth will spend an average of $930 on heating costs from October through March. That represents a decrease of $30 in average costs compared with the same period one year ago.

Electricity is the primary heating fuel in the South and is used extensively by consumer-members of the nation’s electric cooperatives. About 39 percent of all U.S. households rely on electricity for heat, ranging from 15 percent in the Northeast to 63 percent in the South, EIA said.

Natural gas users will spend an average of $578 on heating costs, or $64 less than last winter.

Propane costs for the average home using that fuel as a primary heating source will be about $322 lower at $1,437.

EIA analysts also noted a $459 decline in winter cost to $1,437 for average homes using heating oil.

Meteorologists at the National Oceanic Atmospheric Administration are forecasting winter temperatures 13 percent warmer in the Northeast, 11 percent warmer in the Midwest and 8 percent warmer in the South.