Summer electric bills sizzle as the cost of cooling climbs

May 23, 2026
Electricity prices are climbing faster than overall inflation. That, coupled with a hotter-than-usual summer, has forecasters warning of a sharp jump in utility bills.

The temperature is climbing, and so are people's utility bills. Rising electricity prices and hotter-than-usual weather could make it especially costly to stay cool this summer.

(Image credit: Brandon Bell)



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