From grocery bills to insurance premiums, warming temperatures hit Americans' wallets hard this year.
to reduce their exposure to future disasters. As these insurers disappear, coverage gets more expensive, putting homeowners in a bind: They must either pay skyrocketing prices or drop their policies and live without a safety net.Climate change is impacting the frequency and severity of heat and cold spells in different parts of the United States – and in 2022, these periods of extremes made it harder for people to afford their home heating and cooling costs. One in six U.S.
that Americans’ electric bills increased 20 percent due to the heat waves, jumping to an average $540.Low-income families of color, both in urban and rural settings, are being hit the hardest. Black, Latino, and Indigenous households arethan white households to have their power cut off due to unpaid utility bills. “You have to choose between having a normal holiday season or maybe paying this bill or that bill.
Jackson says that in addition to higher energy costs from summers and winters with periods of hotter highs and lower lows, also known as weather whiplash, climate-driven disasters like wildfires, drought, and powerful storms all disrupt service and drive up costs. “It’s only getting worse. People are struggling to come up with the cost to afford basic electricity,” Jackson said.is causing houses to shift and crack, forcing people to spend more money on heating.
The war may be the primary cause, but some parts of the country also saw rate hikes due to climate-related extreme events like storms, drought, and wildfires. In June, 1 million customers in Louisiana, as much as $25 for some households, to help the electric utility Entergy recover costs related to storm damage from hurricanes Laura, Delta, Zeta, and Ida, as well as Winter Storm Uri in February 2021.
In California, customers of the largest utility in the state, Pacific Gas & Electric, or PG&E, started the year off with a rate increase that was
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