Energy Bill Security for American Households Through Electrification

Americans who electrify their lives will save money and increase bill certainty while cutting emissions through efficient, electric heat pumps and electric vehicles.

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  • Households using natural gas for heat should expect to pay $161 more than last year over the heating season, and households using propane and fuel oil should expect to pay over $500 more. Meanwhile, households with electric heat pumps can only expect to pay $21 more– just 13% of the cost increase gas heated homes will face.

  • Over the past two decades, modern electric heat pumps would have supplied 38% lower bill volatility than fossil fuels for home heating, and electric vehicles would have cut driving bill volatility by 88%.

  • Compared to last year, average monthly driving costs are expected to be $118 higher for households driving gasoline vehicles, while only $4 higher for those with electric vehicles.