Many consumers are happy to say goodbye to the polar vortex that caused frigid temperatures and high home heating bills this past winter. While the memory of bitter cold winter days will fade as warmer weather finally begins to take hold, the ghost of the polar vortex may return in the form of higher home energy prices for the remainder of the year.
The arrival of summer brings warmer temperatures and more hours of daylight. While some folks are happy to pack away their sweaters and say goodbye to high utility bills resulting from winter heating season, the arrival of summer cooling season heralds a spike in electric bills for others. Expenditures on electricity constitute the largest portion of utility expenditures for older consumers and the cost of running air conditioning in summer is a major contributing factor. Because exposure to extreme temperatures can be especially dangerous for older people, the ability to afford to adequately cool their homes is an important concern.
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