TVA Reports Rising Fuel Costs
Washington County, VA; July 28, 2022 - Electric Bills Up Due to Rising Fuel Costs. The numbers on the thermometer are going up, and if you’re not careful, on your electric bill too. TVA explains what is causing the higher bills this summer and gives money-saving advice.
The numbers on the thermometer are going up, and if you’re not careful, on your electric bill too. TVA explains what is causing the higher bills this summer and gives money-saving advice. Summer brings soaring temperatures and outdoor fun with family and friends. It can also burn your wallet if you waste electricity - TVA warns.
With inflation at a 40-year high, utilities across the nation are warning customers to prepare for high energy bills this summer. While inflation is playing a role in electricity prices, the real cause is higher natural gas prices due to geopolitical events, economic growth, and tight supply. Natural gas is used for cooking, heating water, and generating over 40% of America’s electricity. TVA says it is working to address the high natural gas prices to reduce the impact on power bills.
