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Why Your Electricity Bills Keep Rising (and what you can do about it)
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class="et_builder_inner_content et_pb_gutters3"> <div class="et_pb_section et_pb_section_0_tb_body et_section_regular" > <div class="et_pb_row et_pb_row_0_tb_body"> <div class="et_pb_column et_pb_column_4_4 et_pb_column_0_tb_body et_pb_css_mix_blend_mode_passthrough et-last-child"> <div class="et_pb_module et_pb_code et_pb_code_0_tb_body"> <div class="et_pb_code_inner"><div class="entry-meta"><span class="published-date">Published on May 26, 2022</span><span class="last-updated">Last updated on April 15, 2024</span><h1 class="entry-title">Why Your Electricity Bills Keep Rising (and what you can do about it)</h1><div class="minutes_categories_share"><span class="minute-read">2 minute read</span><span class="social-share-buttons">Share on <a href="https://www.facebook.com/sharer/sharer.php?u=https://justenergy.com/blog/why-your-electricity-bills-keep-rising-and-what-you-can-do-about-it/" target="_blank" rel="noopener" title="Share this article on Facebook">Facebook</a>, <a 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rel="category tag">Energy Savings</a>, <a href="https://justenergy.com/blog/category/justenergy/" rel="category tag">Just Energy</a></span></div></div><div class="featured-image"><img width="1200" height="590" src="https://justenergy.com/wp-content/uploads/2022/05/01_JE_03_2022_Fixed_Rates_Blog_Image_C.jpg" class="attachment-full size-full wp-post-image" alt="Why Your Electricity Bills Keep Rising (and what you can do about it)" decoding="async" fetchpriority="high" srcset="https://justenergy.com/wp-content/uploads/2022/05/01_JE_03_2022_Fixed_Rates_Blog_Image_C.jpg 1200w, https://justenergy.com/wp-content/uploads/2022/05/01_JE_03_2022_Fixed_Rates_Blog_Image_C-980x482.jpg 980w, https://justenergy.com/wp-content/uploads/2022/05/01_JE_03_2022_Fixed_Rates_Blog_Image_C-480x236.jpg 480w" sizes="(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1200px, 100vw" /></div></div> </div> </div> </div><div class="et_pb_row et_pb_row_1_tb_body dynamic_content et_pb_equal_columns"> <div class="et_pb_with_border et_pb_column_2_3 et_pb_column et_pb_column_1_tb_body et_pb_css_mix_blend_mode_passthrough"> <div class="et_pb_module et_pb_code et_pb_code_1_tb_body"> <div class="et_pb_code_inner"><div id="tableOfContents"></div></div> </div><div id="single-post-content" class="et_pb_module et_pb_post_content et_pb_post_content_0_tb_body"> <div class="dynamic_content"> <h2>Natural Gas Prices Are On The Rise And They’re Taking Electricity Prices With Them </h2> <p><span data-contrast="auto">Natural gas and electricity prices have risen to their highest levels in decades – and this steep increase in energy rates has left many U.S customers wondering: </span> </p> <h3><span data-contrast="auto">Why are my utility bills so high?</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></h3> <p><span data-contrast="auto">While rising costs can be attributed to a variety of factors, some of the most notable reasons for rate spikes include:</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p> <ul> <li><b><span data-contrast="none">Natural gas storage at record lows: </span></b><span data-contrast="none">Higher demand for heating during the winter left U.S. natural gas storage at its lowest levels. This below-average supply signals an impact in prices as demand increases during the summer months.</span><span data-contrast="none"><br /> </span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></li> <li><b><span data-contrast="none">Weather conditions: </span></b><span data-contrast="none">Rising temperatures and extreme weather events like heatwaves and hurricanes drastically impact supply and demand, system reliability, and the price of power. <br /> </span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></li> <li><b><span data-contrast="none">Russia’s ongoing war with Ukraine: </span></b><span data-contrast="none">Russia is the second-largest producer of natural gas globally, however, Russia’s ongoing war with Ukraine has led to a supply shortage that is pushing gas prices and inflation higher.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></li> </ul> <h2><span class="TextRun SCXW253064202 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="none"><span class="NormalTextRun SCXW253064202 BCX0">Families and businesses are feeling the bill spikes.</span></span><span class="EOP SCXW253064202 BCX0" data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></h2> <h3>When Will Energy Prices Go Down? </h3> <p><span data-contrast="none">According to the </span><a href="https://www.eia.gov/todayinenergy/detail.php?id=51438"><span data-contrast="none">U.S. Energy Information Administration (EIA)</span></a><span data-contrast="none">, retail prices will only continue to rise in 2022. With</span><span data-contrast="none"> no sign of slowing down for providers, spikes in utility bills are making a serious impact on millions of consumers’ household expenses.</span><span data-contrast="auto"> </span><span data-ccp-props="{"201341983":0,"335559740":259}"> </span></p> <p><img decoding="async" class="alignnone size-full wp-image-337919" src="https://justenergy.com/wp-content/uploads/2022/05/01_JE_03_2022_Fixed_Rates_Blog_Graph.jpg" alt="" width="1745" height="683" srcset="https://justenergy.com/wp-content/uploads/2022/05/01_JE_03_2022_Fixed_Rates_Blog_Graph.jpg 1745w, https://justenergy.com/wp-content/uploads/2022/05/01_JE_03_2022_Fixed_Rates_Blog_Graph-1280x501.jpg 1280w, https://justenergy.com/wp-content/uploads/2022/05/01_JE_03_2022_Fixed_Rates_Blog_Graph-980x384.jpg 980w, https://justenergy.com/wp-content/uploads/2022/05/01_JE_03_2022_Fixed_Rates_Blog_Graph-480x188.jpg 480w" sizes="(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1745px, 100vw" /></p> <p><span data-contrast="auto">Source: (Henry Hub Natural Gas Spot Price – </span><a href="https://ycharts.com/indicators/henry_hub_natural_gas_spot_price"><span data-contrast="none">ycharts.com</span></a><span data-contrast="auto">)</span><span data-ccp-props="{"201341983":0,"335559740":259}"> </span></p> <p><span data-contrast="auto">Growing supply constraints coupled with record demand expected during the summer months and the impact of weather events like hurricanes result in many families looking for ways to avoid energy bill spikes.</span><span data-ccp-props="{"201341983":0,"335559740":259}"> </span></p> <h2><span class="TextRun SCXW103199046 BCX0" lang="EN-US" xml:lang="EN-US" data-contrast="none"><span class="NormalTextRun SCXW103199046 BCX0">How To Take Control </span><span class="NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW103199046 BCX0">Of</span><span class="NormalTextRun SCXW103199046 BCX0"> Your Electricity Bills</span></span><span class="EOP SCXW103199046 BCX0" data-ccp-props="{"201341983":0,"335559740":259}"> </span></h2> <p><span data-contrast="auto">Just Energy, one of the leading North American distributors of Electricity & Natural Gas, offers affordable fixed-rate plans to help t</span><span data-contrast="none">ake the ups and downs out of your monthly energy bills. </span><span data-ccp-props="{"201341983":0,"335559740":259}"> </span></p> <p><span data-contrast="none">When you enroll, not only do you get reliable service and unmatched customer support, but you also get convenient and flexible term options. That means the longer your contract term, the longer you’re protected from fluctuating prices. </span><span data-ccp-props="{"201341983":0,"335559740":259}"> </span></p> <p><b><span data-contrast="none">With electricity plans made for every budget, home, and lifestyle, you don’t have to let rising rates catch you by surprise! </span></b><span data-ccp-props="{"201341983":0,"335559740":259}"> </span></p> <p><span data-contrast="none">Get peace of mind and price security by enrolling in a fixed-rate electricity plan today.</span></p> <p> </p> <div class="blog-global-cta"><div class="et_pb_module et_pb_code et_pb_code_0"> <div class="et_pb_code_inner"><form data-cta="form" method="GET" action="" class="zipCodeForm"><!-- [et_pb_line_break_holder] --> <div class="zipWrapper"><!-- [et_pb_line_break_holder] --> <label for="postalCode" class="visuallyhidden">Zip Code </label> <!-- [et_pb_line_break_holder] --> <input type="text" name="postalCode" placeholder="Enter your ZIP code" value="" 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