A recent survey found that 60% of Americans believe climate change is increasing their energy bills. It turns out they're not entirely wrong. Climate change is indeed affecting utility costs in multiple ways. Rising temperatures lead to increased air conditioning usage, while extreme weather events cause infrastructure damage and power outages, driving up costs for utilities and consumers alike.
Experts highlight that the cost of energy is rising due to climate-driven demand and supply chain changes. As utilities transition away from fossil fuels, they spend more on building wind and solar power, passing these costs onto consumers. Additionally, insurance companies are increasing premiums in high-risk areas affected by extreme weather events linked to climate change.
Source: https://www.cnet.com/how-to/60-of-americans-think-climate-change-is-driving-up-their-energy-bills/#ftag=CAD590a51e