WCPO: Electricity bills go up for many, fall for others
UC economist says war, increased demand push natural gas prices higher
Many people will see their electric bills increase in the coming months, but some others will see a decrease, WCPO reported.
Michael Jones, PhD, associate professor of economics at the University of Cincinnati Carl H. Lindner College of Business.
Market fuel prices are up throughout the United States, in part due to worldwide disruptions in natural gas supplies and also because of increased demand.
“We’re seeing a lot of disruption in that market, particularly with the war in Ukraine,” said Michael Jones, the Kautz-Uible Professor of Economics in the University of Cincinnati’s Carl H. Lindner College of Business. “We’re seeing a lot of increased demand just for energy overall and so we have these two competing forces that are not going to resolve anytime in the near future. I expect that consumers are going to have to be paying quite a bit more for electricity for at least the summer and probably into the fall.”
While natural gas prices are going up, residents who participate in Cincinnati's green energy program should see a decrease in their bills.
Featured image at top courtesy of Unsplash.
Next Lives Here
The University of Cincinnati is classified as a Research 1 institution by the Carnegie Commission and is ranked in the National Science Foundation's Top-35 public research universities. UC's medical, graduate and undergraduate students and faculty investigate problems and innovate solutions with real-world impact. Next Lives Here.
Related Stories
Lindner students recognized for academic excellence,...
April 17, 2024
The Carl H. Lindner College of Business held its annual student awards ceremony on April 10, celebrating the accomplishments of its students at every level.
Medscape: Skin adverse events rare after immunotherapy to treat...
April 17, 2024
Medscape highlighted University of Cincinnati research published in JAMA Dermatology that found skin adverse events were rare following immunotherapy treatments for certain skin cancers.
Jason and Travis Kelce take Cincinnati to ‘New Heights’
April 16, 2024
UC alumni Jason and Travis Kelce returned to UC for an unforgettable evening that included the Great "Lombaby" Games, a live recording of their podcast "New Heights," special guests Joe Burrow, Orlando Brown Jr. and Desmond Ridder and a surprise commencement ceremony.