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Heating Bills Soar 63% Amid Severe Winter Storm

1/24/2026

49 8 Full Breakdown

Summary

Rubin Analyzes Heating Surge

A severe winter storm is expected to raise heating bills by 63% as snow and freezing rain drive demand.
Eli Rubin, an energy analyst, notes electric heating will rise more because electric systems are less efficient than gas.
Natural gas futures have jumped over 70% this week, the largest weekly rise since 1990.
Massachusetts will cut electric bills by 25% and gas bills by 10%, funded by state resources.

History

Historical Context

In 1990, natural gas prices surged over 70% in a week due to severe weather and increased heating demand, reflecting historical volatility in the market. The Federal Power Commission's earlier price regulations had led to shortages in the 1970s, prompting deregulation by 1993. Today, a projected 63% rise in heating bills echoes these past trends, prompting Massachusetts to cut energy costs for residents.

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Rubin Analyzes Heating Surge

A severe winter storm is expected to raise heating bills by 63% as snow and freezing rain drive demand.
Eli Rubin, an energy analyst, notes electric heating will rise more because electric systems are less efficient than gas.
Natural gas futures have jumped over 70% this week, the largest weekly rise since 1990.
Massachusetts will cut electric bills by 25% and gas bills by 10%, funded by state resources.

1 / 2