Majority of Americans Concerned and Confused About Energy Bills
Nearly three-quarters of American homeowners are concerned that home energy costs will strain their household finances over the next year, according to a survey conducted by Impulse Research for MXenergy. And while energy costs are very top-of-mind and of great concern to Americans, the research found that only 30 percent have come to understand how home energy prices are set, and a whopping 90 percent feel they have limited or no control over their home energy costs.
The themes of confusion and lack of control were common threads in the survey findings. For example, less than one-quarter of respondents said they completely understood the different sections of their energy bill.
And, despite being mandated in several states and local utility districts, energy deregulation is neither understood nor even heard of by 60 percent of homeowners surveyed.
"This study shows that consumers sense a real loss of control when it comes to managing their energy bills," said MXenergy President and Chief Executive Officer Jeffrey Mayer. The extreme volatility we've seen in energy prices in recent years is likely to continue, so it's important that consumers understand the steps they can take to keep costs under control."
Ninety percent of respondents reported making lifestyle changes in the past year due to higher energy prices, such as using efficient florescent light bulbs and turning off electronic equipment when leaving a room. More than one-third reported that they have cut back spending in other areas to offset high home energy costs.
"It is wonderful to see that consumers are making changes in their energy habits that also happen to be good for the environment,"continued Mayer. "We urge all homeowners to evaluate whether they are taking full advantage of all opportunities to manage their home energy costs."
Are you confused about natural gas deregulation in Georgia? Looking for tips on conserving energy? Check out GasGeorgia.com's Natural Gas Consumer Resources.



