Paying Too Much for Electricity? Louisiana Ranks Top 10
Have You Ever Looked at Your Electricity Bill and It Hurt?
No, you're not making it up in your head, your bill has been steadily climbing. Yes, inflation has caused some major headaches for many of us, but why are many of us hurting when paying our utility bills?
You Can Blame the Ukraine Conflict and Inflation,
According to Ownerly.com "American consumers faced the highest electricity costs in more than 40 years, due to inflation, a rebounding economy, and fuel-related repercussions from the Ukraine conflict." With so many factors contributing to electric bills Americans spent over $22 billion more on electric bills in 2022. According to Ownerly.com that is an 11% increase from the previous year.
Louisiana and Texas are Seeing Very High Utility Bills, So High That Both States Made It On the Top Ten List.
Texas is ranked 5th and Louisiana is ranked 7th on the list of "Most Expensive States for Electricity". The report also found that Louisiana is coming in hot at number one when it comes to consuming energy. Louisiana tops the list of States who consume the most energy.
The Worst Part, It's Not Over.
Ownerly.com claims "It appears the worst is not over. The Energy Information Administration expects US energy prices to remain high into 2023." So if you've been living paycheck to paycheck thinking it's almost over, think again.