Posts Tagged ‘Citizens Utility Board’

Prepare for Higher Heating Costs this Winter

By CITIZENS UTILITY BOARD Rising energy costs have been big news across the world this year. As Minnesotans enter the heating season, it’s a concern here too. We’re not fans of sharing bad news, but many of us should expect noticeably higher heating costs this winter. Below are some highlights from the Winter Fuels Outlook provided by the U.S. Energy Information Agency. We’ve summarized forecasted propane, electricity, heating oil, and natural gas prices mostly specific to the Midwest. During the 2021/2022 heating season, some fuel prices were the highest in 7 years, so when we talk about increases this year, it is on top of the higher prices many experienced last year.  First, let’s start with the not-so-bad news. Propane prices are not expected to change much compared to last year. Approximately 11% of Minnesota households, primarily in rural areas, use propane. Though the price isn’t projected to rise this year, propane is significantly more expensive than [...]