While heating costs for some are down thanks to lower oil prices, the cost to heat US homes with electric, natural gas and propane is expected to jump as much as 10% for winter 2024-25. The anticipated spike is due to electrical grid failures, rising natural gas prices and a winter that’s projected to be colder than average, particularly in the Northeast and Midwest.Keeping your thermostat set to this exact temperature will help, but you could turn the heat down even further and rely on warmth from an efficient electric space heater as the…
