'Just Hold On,' Experts Warn Summer Electric Bills Expected To Soar

Dallas TX

03 June, 2022

10:08 PM

Description

CBS Dallas/Fort Worth June 3, 2022 You might want to sit down when you open your electric bill this summer. Rates are high - and expected to get higher. Summer months in Texas traditionally equal higher electric bills, but experts said this year will bring extra sticker shock if you aren't locked into a contract that goes through the summer. "For some people, it's probably up 50% to 70%," said Bruce Bullock, Director of the Maguire Energy Institute at SMU. "If you are paying $100, you're probably going to be paying $150, $170." CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective.