National Grid announced plans to increase electricity rates

The average price of energy for residential users was predicted by the U.S.

Energy Information Administration to be 15.86 cents per kilowatthour in the second quarter of 2023.

Aan increase of 5.17 percent from the second quarter of current year.

The average price of electricity is predicted to increase by 7.5 percent from 2021 to 2022.

Solar energy system specialists at EnergySage, a Boston-based online marketplace, told Newsweek that costs are growing by as much as 64% in some areas year over year.

A typical residential electric customer using 600 kWh (kilowatt-hours) per month will see their monthly bill increase from $179 in the winter 2021–2022 season to roughly $293 in the winter 2022–2023 season.

According to National Grid's announcement of plans to raise electricity rates in Massachusetts starting on November 1.

The U.S. needs a unified energy industry to deal with soaring oil prices, OPEC+ and climate change