According to media reports, the news for home energy prices this winter are mixed. If you heat with natural gas or propane then the news is good. However, if you heat with electricity or heating oil the news isn't so good. The sad thing is, whether we heat with electricity or not, we all use electricity. So while we may be celebrating the good news in heating, we have to face the stark reality that our electric bill will going up.
The cost will go up from what it is now but will not get as high as it was a year ago, for a couple reasons. There haven't been any natural disasters this year that impacted oil production and because of the mild temperatures last year there is a surplus of natural gas.
The U.S. Department of Energy projects heating costs based on how people heat their homes. If natural gas is the primary source of heat, expect to pay 13 percent less this year than last year. If propane is used primarily, expect to pay 1 percent less. However, heating oil users should expect to pay 6 percent more. If electricity is used primarily, expect to pay 7 percent more than year ago.
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