How soaring electricity bills are squeezing households

Name: How soaring electricity bills are squeezing households
Uploaded: 2025-10-28T02:23:05.410Z
Duration: 3 min 3 s
Description: As temperatures cool, home energy costs are heating up. According to a recent study, homeowners on average will pay nearly 8% more this winter. Tom Hanson reports from New Jersey, where the high prices are fueling political debate.

CBS America · 11 days ago

CBS America

11 days ago

As temperatures cool, home energy costs are heating up. According to a recent study, homeowners on average will pay nearly 8% more this winter. Tom Hanson reports from New Jersey, where the high prices are fueling political debate.

Breakdown

Average home energy costs are expected to rise nearly 8%. 6s
New Jersey residents saw utility bills increase by 17-20% after a rate hike. 1m 50s
Residents are taking steps to conserve energy, but savings are limited by higher rates. 1m 10s
Increased demand, aging power plants, and delayed renewables are driving prices up. 2m 2s
Rising energy costs are a major issue in the state's political debate and elections. 13s

Energy Economy