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Xcel Energy offering tips to save on cooling costs this summer

Home cooling can account for about half of a summertime electric bill, a media release says.

Transcripts for CNN CNN Newsroom With Ana Cabrera 20240604 17:41:00

correspondent has much more on this. why is the cost of natural gas up so high and how does that translate into our electric bills? you see the spike here over the last three years. you see this top point right here where we are. that s because of the war in ukraine partly. we are not buying as much energy from russia. so that eliminates one of the big producers of natural gas and also it s been so hot this summer. so much of the country has been experiencing this extreme heat. this is how it translates. look at these summer bills. in 2021, just on cooling costs, the average household was spending $450. let s jump to this year, 2022, $540. so that is a difference for american households of about $90 just on the cooling costs. and then how is that affecting people? that means 20 million americans are behind on their bills because of this increase. all u.s. households according to a census survey are saying we can t pay our bills right now,

President Biden pushes US to review Gulf of Mexico for offshore wind development

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