Consumers brace for utility bills as heat wave sets in

This transcript is automatically generated

Meanwhile temperatures are running up to Phil -- who says power bills.

Next week well there -- going to be run -- up a lot.

-- we're promise that this was going to be the year that energy bills we're gonna be maybe 10% -- Guess what so further one point 5% higher and it is not only this heat win eight.

Neil it's we can't some -- all spring we can't spring like temperatures all year in this is come at a time.

When a lot of nuclear power plants are down for maintenance other times are down for maintenance so we're already starting.

Where prices are even though they're -- from historical viewpoint much higher than where they were supposed to.

And I have a lot of concerns with this new heat -- that that could drive prices even higher not only with the increase.

Usage on.

Electricity for air conditioning but also concerns about tropical storms and we're -- one right now on the Gulf of Mexico.

That if it hits in the right place -- really heats up could really heat up the bills for electricity.

What we're being -- on this a little bit member was last October when we had a a -- of winter storm in the northeast -- it was like.

Anywhere depending on the region eight to seventeen inches and it was an oh my gosh we're gonna have a and a horrible winter turns out have been a relatively mile winners stores like right so maybe we start this -- thought a very hot note but it's not such a hot summer.

I know you're not well -- -- but I mean I thought that that is the fear right.

And while that he and if that happens that would be great news for the consumers that we could see prices actually fall to some of the promise levels that we've seen in the past.

But if you if you want to bet on the -- -- -- It's been very very volatile that cold front that you spoke about you don't really set us back when McCain.

Two prices because it drove up prices at a time when.

You know temperatures are supposed to be relatively mild -- as soon as we get out of a cold front it seems -- just a few weeks later we're dealing with record heat.

So really weather has not given us a break.

And it hasn't allowed us to take advantage of the -- record amount of supply that we've had on hand so the consumers have not seen the benefit.

Mainly because of -- -- mother nature.

All right thank you very much but -- hopefully we get through this so plan.

We began done our best to provide the health services you need in the meantime forget hot hot hot in that.

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Consumers brace for utility bills as heat wave sets in

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