U.S. consumers from New York to California are experiencing “rate shock” on their latest utility bills as the global energy crisis drives up prices for fossil fuels, forcing tough financial decisions for families getting squeezed on all sides.
The increase is becoming a problem for Dave Croyle, 75, a San Diego retiree with multiple health issues that keep him largely housebound. In the past his power expenses were about $250 a month, but his most recent bill shot up to $508. He lives on a fixed income of Social Security and pension payments and said the higher costs mean his expenses are now exceeding his earnings, so he has to draw on savings to cover the balance. He’d like to have his home health aide visit twice a week instead of once, but he just can’t afford it when utility costs are piling up.
“It’s not where I want to be spending my money — on my electric bill,” Croyle said.
