For those who like to crank the thermostat up during the winter, a new report showing data for the Midwest and other parts of the country says you should be prepared for a much higher price tag this season if you have electric heat.
Friday's report from the National Energy Assistance Directors Association says that on average, heating costs will increase by more than 7.5% from last winter across the country, from $907 to $976. However, officials with NEADA say homeowners with electric heat are expected to see an even higher increase.
The average price last winter was $1,093, and this year, NEADA projects that same average cost to be $1,205. That's an increase of $112, or 10.2%.
The association says electrical bill increases are due to the construction of large data centers, the rising