Cold Snap is here: how to keep home heating costs low

Consumers, already crushed by inflation, are being warned long before winter to take steps to keep home heating costs low this year.

The National Oceanic and Atmospheric Administration predicts a slightly colder winter this year than last year, which means heating fuel prices are likely to rise as Americans use more energy.

Recently, the US Energy Information Administration predicted that many households in the US are likely to spend more on energy this winter than in recent years. The EIA predicts that natural gas will increase by 28%, heating oil by 27%, electricity by 10% and propane by 5% from October to March.

US GOVERNMENT SAYS ALL AMERICANS WILL PAY MUCH MORE FOR NATURAL GAS THIS WINTER

“The projected higher energy bills are the result of higher fuel prices, combined with higher heating demand due to a slightly colder weather forecast than last winter,” the EPA said in its report.

Jared Sailer helps clean the streets and sidewalks in his neighborhood during a snow storm in Toledo, Ohio on February 3, 2022. (Reuters / Gaelen Morse)

Established Edison Inc., which supplies power to around 10 million people living in New York City and Westchester County, began warning consumers as early as September “to take action now that can help them manage costs. this winter as the market prices of electricity and natural products “. the gas should be substantially higher “.

Warren Buffett’s insurance company, Geico, had also previously published a guide to help homeowners keep costs down.

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Here are some tips to make using a home more efficient:

1. Take hot showers not hot

Geico previously warned consumers to be wary of taking hot showers. In fact, manually reducing a water heater’s temperature from 140 ° F to 120 ° F can help save up to 11% on water heating costs, according to the insurance company.

2. Give your clothes a cold wash

If consumers adjust the washing machine’s temperature setting from cold to hot, they can cut energy consumption in half when washing a load, according to Con Edison, who has listed several energy saving tips and payment options to help. financial burden of heating costs.

INCREASE IN ENERGY BILLS: CONSUMERS COULD MAKE 14 BILLION MORE THIS WINTER

3. Replace the oven filters

If the ovens are clogged, they will be forced to work harder, which means energy costs will rise, according to Geico.

Energy costs

Home wireless room thermostat with manual adjustment. (Yui Mok / PA Images via Getty Images) / Getty Images)

“Replace the filter and opt for a professional oven inspection to make sure it is operating at optimum efficiency,” the company said.

4. Close the vents in unoccupied rooms

Geico suggested closing the vents coming from the furnace in the rooms that are not being used. Unoccupied rooms, such as an unused guest room, “can be sealed off so that heat is redirected to the occupied parts of the house,” added Geico.

5. Check the insulation of your attic

Penthouses need a minimum of 11 inches of fiberglass insulation, Geico said.

If a home doesn’t have that much insulation, consumers can lose heat at the top of their home and, in turn, waste money.

“If you haven’t installed the insulation, be sure to seal any cracks in the attic first,” said Geico.

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