Economists Warn Consumers To Brace Themselves For High Energy Bills This Winter

By WMAR2NEWS
Posted on 11/10/22 | News Source: WMAR2NEWS

Some people are bracing themselves for how much cold weather this winter might bring but those who already are turning on the heat for the first time this season also might be in for a shock when they get their next energy bill.

The price of food and gas has jumped this year as inflation hit levels not seen since the 1980s. One of the main drivers of high inflation is the rising cost of energy itself.

Energy providers are warning customers what to expect as temperatures drop this fall and winter.

Shipley Energy president Matt Sommer said “future price of energy is pretty unpredictable with everything going on in the world. What the weather is like this coming winter will certainly impact the prices as well.”

BGE director of customer care Marcus Walker said “these are some challenging times and no one wants to see or hear anything about higher energy bills, customers will face higher energy bills.”

It doesn't matter whether someone uses gas or electric to heat their home.