SALT LAKE CITY — Summer is quickly approaching, but keeping the house cool might not be as expensive as in previous years.
Consumers might not have to reach for their thermostats this summer as the National Oceanic and Atmospheric Administration thinks there will be a 16 percent drop in "cooling-degree" days when temperatures are above a comfortable 65 degrees Fahrenheit, according to SmartMoney.
Natural gas prices are 46 percent lower than they were last year as the result of a mild winter and more supply, according to the Energy Information Administration. Utilities using natural gas for electricity are saving customers money in the form of reduced rates, according to SmartMoney.
"The bills are coming down in some areas," Keith Voight, a spokesman for the Edison Electric Institute, an association of shareholder-owned electric companies, told SmartMoney.
The Board of Public Utilities in New Jersey estimates public service electric and gas customers might see a drop of 6.4 percent, according to the article.