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Numerous factors affect high utility bills that can eat up your monthly income. But whether or not you live in a state with higher or lower monthly utility bills, it’s a good practice to actively find ways to lower your utility bills. Practicing a variety of energy savings measures can considerably cut monthly utility costs. Check out this piece by the team Forbes to find out where your state ranks. #utilities #bills #inflation #licentia https://lnkd.in/exTeX4Nw

The recent reclassification of utility bonds by Bloomberg has subtly yet significantly impacted millions of Americans, leading to an unexpected rise in electricity bills. This move, seemingly minor in the grand scheme of financial markets, has had a domino effect that stretches all the way to our monthly expenses. It illustrates a crucial lesson: decisions made in the financial industry can deeply influence our day-to-day lives, often in ways we might not immediately realize. The shift from viewing certain utility bonds as corporate to asset-backed securities has resulted in higher borrowing costs for utilities, a cost that is ultimately shouldered by consumers through increased monthly bills. In response to this, it's imperative that we, as individuals, take conscious steps to manage the fallout. Reducing our energy usage through more efficient practices at home can help offset some of these additional costs. Whether it's through the adoption of energy-saving appliances, enhancing our homes' insulation, or simply being more energy-conscious, we can make a difference in our energy bills and environmental impact. Additionally, this situation highlights the importance of transparency and the need for more robust regulations in financial market decisions. By engaging in advocacy for clearer policies that prioritize consumer interests, we can contribute to preventing such unforeseen consequences in the future. It’s more than just about managing rising electricity costs; it's about advocating for a system that operates with greater transparency and fairness. As we adapt to these changes, let’s leverage our collective influence to advocate for change and implement individual strategies to lessen the impact on our wallets. Together, we can make a difference, not only in our personal finances but also in shaping a financial system that is more accountable to the public. link: https://lnkd.in/e8nAt_tB

Electricity Costs Are Surging. Here's How You Can Save https://ift.tt/mUdbHFu Unfortunately, you can expect to pay more for your utility bills this summer. From April 2021 to April 2024, electric prices have increased by 24%, and you’ve no doubt been feeling the strain on your wallet as the weather warms up and the number on your thermostat goes down. Here's a look at what's causing this rise in energy prices and what you can do to save money.  Why are energy prices rising? Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Save up to 74% Sign up for Kiplinger’s Free E-Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. To continue reading this article please register for free This is different from signing in to your print subscription Why am I seeing this? Find out more here Finance via Kiplinger RSS Feed https://ift.tt/8VXw26K May 24, 2024 at 03:58PM

Electricity Costs Are Surging. Here's How You Can Save https://ift.tt/mUdbHFu Unfortunately, you can expect to pay more for your utility bills this summer. From April 2021 to April 2024, electric prices have increased by 24%, and you’ve no doubt been feeling the strain on your wallet as the weather warms up and the number on your thermostat goes down. Here's a look at what's causing this rise in energy prices and what you can do to save money.  Why are energy prices rising? Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Save up to 74% Sign up for Kiplinger’s Free E-Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. To continue reading this article please register for free This is different from signing in to your print subscription Why am I seeing this? Find out more here Finance via Kiplinger Personal Finance https://ift.tt/DFLdcYA May 24, 2024 at 03:58PM

Electricity Costs Are Surging. Here's How You Can Save https://ift.tt/mUdbHFu Unfortunately, you can expect to pay more for your utility bills this summer. From April 2021 to April 2024, electric prices have increased by 24%, and you’ve no doubt been feeling the strain on your wallet as the weather warms up and the number on your thermostat goes down. Here's a look at what's causing this rise in energy prices and what you can do to save money.  Why are energy prices rising? Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Save up to 74% Sign up for Kiplinger’s Free E-Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. To continue reading this article please register for free This is different from signing in to your print subscription Why am I seeing this? Find out more here Finance via Kiplinger Personal Finance https://ift.tt/8VXw26K May 24, 2024 at 03:58PM

It’s no secret that homeowners are trying to find the best possible solutions to live on a comfortable budget. A big part of that budget is their utilities. Just like anything else in the U.S., the price of utilities has gone up across the board. But what does the breakdown look like from state to state? In Forbes, Ana Durrani shows the average utility costs for each state and the numbers may surprise you. #Utilities #Homes #Energy

Electricity Costs Are Surging. Here's How You Can Save https://ift.tt/mUdbHFu Unfortunately, you can expect to pay more for your utility bills this summer. From April 2021 to April 2024, electric prices have increased by 24%, and you’ve no doubt been feeling the strain on your wallet as the weather warms up and the number on your thermostat goes down. Here's a look at what's causing this rise in energy prices and what you can do to save money.  Why are energy prices rising? Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Save up to 74% Sign up for Kiplinger’s Free E-Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. To continue reading this article please register for free This is different from signing in to your print subscription Why am I seeing this? Find out more here Finance via Kiplinger RSS Feed https://ift.tt/8VXw26K May 24, 2024 at 03:58PM

This week, we mark the one-year anniversary of the Inflation Reduction Act. This monumental law has already helped countless American families slash their energy costs and afford life-changing home upgrades that were once out of reach. Visit the U.S. Department of Energy (DOE) Savings Hub to learn more about tax credits and upcoming rebates for clean energy and energy-efficient upgrades: https://lnkd.in/geH-kYVW #IRAOneYear

Rising power bills are yet another stress point for small businesses already overwhelmed by other rising costs and interest rates. Treasurer Jim Chalmers has reportedly described the soaring price of energy in Australia as “the perfect storm” because there are several drivers behind the price hikes. So, what can you do to help relieve the pressure of higher power bills? #PowerBills #BusinessCosts #EnergyCosts #Shoparound #SolarPower https://lnkd.in/d7V2gQvf

Heat pumps have the power to help many American households save hundreds of dollars annually—averaging $557/year—and cut their energy bills by 65%. Thanks to the Biden-Harris Administration, homeowners are eligible for a 30% tax credit to buy and install a heat pump. energy.gov/save