20 Million US Homes Are Behind On Power Bills
Aug 24, 2022 12:47:09 GMT -5
Post by schwartzie on Aug 24, 2022 12:47:09 GMT -5
"Tsunami Of Shutoffs": 20 Million US Homes Are Behind On Power Bills
BY TYLER DURDEN
WEDNESDAY, AUG 24, 2022 - 08:10 AM
At least 20 million households -- or about 1 in 6 American homes -- are behind on their power bills as soaring electricity prices spark what is said to be the worst-ever crisis in late utility payments, according to Bloomberg, citing data from the National Energy Assistance Directors Association (Neada).
Neada said electricity prices had increased significantly since 2020 after a decade of stagnation. The steep rise has resulted in billions of dollars in overdue power bills.
Electricity inflation is being propelled by soaring costs of fossil fuels, such as natural gas, coal, and petroleum.
Continued at link
BY TYLER DURDEN
WEDNESDAY, AUG 24, 2022 - 08:10 AM
At least 20 million households -- or about 1 in 6 American homes -- are behind on their power bills as soaring electricity prices spark what is said to be the worst-ever crisis in late utility payments, according to Bloomberg, citing data from the National Energy Assistance Directors Association (Neada).
Neada said electricity prices had increased significantly since 2020 after a decade of stagnation. The steep rise has resulted in billions of dollars in overdue power bills.
Electricity inflation is being propelled by soaring costs of fossil fuels, such as natural gas, coal, and petroleum.
Continued at link
