Taming Summer’s Utility Bill Trifecta Surging Temperatures, Costs, Demand
Summer 2022 promises to be particularly challenging as it relates to America’s home energy costs due to a confluence of three events – rising temperatures, costs and demand – resulting in homeowners facing an intensified fight to keep bills at bay.The Farmer’s Almanac predicts a "Sizzling Summer Ahead" stating this summer weather is going to be remembered as a hot one nationwide. Second, homeowners are experiencing a "rate shock" as the global energy crisis drives up prices with energy costs up 25.6% year over year, according to the Consumer Price Index. Third, there is surging demand due to our post-pandemic "hybrid home" dynamic. Studies support this trend with 83% of workers believing a hybrid model would be optimal going forward, according to an Accenture survey, and 87% of managers believing working from home is the future, according to Remote-How research.The good news is that families can offset this "Utility Bill Trifecta" by following a