As temperatures continue to dip in the weeks ahead, heating bills are predicted to be at their highest in more than a decade.
According to a U.S. Energy Information Association (EIA) report, households using natural gas as the primary heating source are estimated to spend 28% more overall — an average of $930 — this 2022-2023 winter season. Households using electricity are likely to see a 10% increase, or $1,360 total average. Meanwhile, households using heating oil are expected to experience a 27% rise, while propane users could see a 5% climb.
High demand for fossil fuels during hotter-than-normal summers and chillier winters has played a role in the price hikes. So have supply chain issues, inflation, natural disasters and the war in Ukraine.
You might be tempted to add space heaters or light a fire in the fireplace to offset the increases. But Pat Huelman, Cold Climate Housing coordinator with the University of Minnesota Extension, said that can backfire.
"The higher people's gas bills go up, people ask, 'What can I do?' Some people will jump on an electric space heater and think they're going to save on their gas bill. But if you're using three times the amount of energy, you will spend more on your electric bill," he said.
And while a wood-burning fire may make you feel more cozy, "fireplaces aren't going to be a money-saving strategy in the end — unless it's high energy-efficient, in which you might get a little benefit out of it," Huelman said. "You have to think about costs such as getting the wood and running that stove. You have to think about getting the chimney regularly cleaned, which you should do for safety but also costs."
Try one of these sure-fire, heating-saving tips:
Turn down the thermostat
The rule of thumb is over an eight-hour period, you'll save 1% for every 1 degree you set the dial back. "Say if you usually have the thermostat at 72 and change it to 68 degrees, that can be a 10 to 12 percent energy savings. Setting it back in general and certainly at nighttime has the potential to save," Huelman said.