Local residents should brace for heating cost spikes this winter

Local residents can expect to pay significantly more to heat their dwellings this winter. Representatives with multiple area utility companies project that residents in the tri-state area who heat their homes with natural gas will see heating bills about 30% higher than last year. The rise in energy costs stems from a variety of global economic factors, including a high demand for natural gas, lower-than-average gas reserves and limited fuel supplies created by Russia’s invasion of Ukraine.