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Editor’s Note: Mark Wolfe is an energy economist and serves as the executive director of the National Energy Assistance Directors Association, representing the state directors of the Low Income Home Energy Assistance Program and co-director of the Center on Climate, Energy and Poverty. Triple-digit temperatures have hit the western states, with the Northeast, Midwest and Great Lakes regions expected to see extreme heat waves this week. Weather-related deaths from extreme heat are more common than from those from hurricanes, floods, extreme cold and other natural disasters. According to the US Centers for Disease Control and Prevention, about 1,220 people die from extreme heat every year. During periods of extreme heat, cooling is not just a luxury that provides comfort, but a necessary measure that helps families across all income brackets, and especially low-income families, stay safe.
Persons: Mark Wolfe, That’s Organizations: National Energy Assistance, Association, Income, Energy Assistance Program, Energy, CNN, Triple, US Centers for Disease Control, Center for Energy, US Energy Information Administration, Low Income, Energy Assistance, Twitter, Facebook, Federal Locations: United States, Midwest, Great, Washington, Connecticut
The groups projected that the average cost across the country could be $719, a nearly 8% increase from the same period last year. In some regions that figure is higher; in Southern states like Texas, the average cost could hit $858. The forecast for summer cooling costs is based on federal data on regional electric prices, summer temperatures, and residential air conditioning, Wolfe said. Related stories"We are assuming a higher rate of temperature change, and recent heat waves are bearing this out," Wolfe said. Those who do may not turn it on in an effort to avoid higher bills, Wolfe said.
Persons: , Mark Wolfe, May, Wolfe, Louis — Organizations: Service, Business, National Energy Assistance, Association, Center for Energy, Southwest, US Energy Information Administration, Low Income, Energy Assistance Locations: Southern, Texas, Phoenix, El Paso , Texas, York
CNN —Many Americans may get hot under the collar when they open their electric bills this summer, but for some, the consequences of rising utility costs can be a lot more serious. He pointed to the National Weather Service’s prediction that much of the country will probably have above-normal temperatures this summer. The difference in projections stems from the association assuming higher rates of usage because of hotter temperatures, Wolfe said. The Low Income Home Energy Assistance Program, known as LIHEAP, has $4.1 billion to help consumers with heating and cooling costs, down from $6.1 billion in the prior fiscal year. “Because of the lack of a coherent policy to address summer cooling, people will die this summer from heatstroke,” Wolfe said.
Persons: Mark Wolfe, , Wolfe, Diana Hernandez, Hernandez, , ” Hernandez, arrearages, ” Wolfe Organizations: CNN, National Energy Assistance, Association, Center for Energy, US Energy Information Administration, Department of Health, Human Services, Energy, Columbia University, Income, Energy Assistance, US Census Bureau, District, Columbia, National Weather Service Locations: Pacific, Chicago, heatstroke
October 1 has been the official kickoff date for the federal fiscal year since 1977. Lawmakers have passed at least one continuing resolution in all but three of the years in the nearly half-century since. Instead, they will wrap the spending bills into larger packages – frequently called an “omnibus” that is passed in December or later. In 1997, for instance, there was no CR, but the spending bills were all passed together as an omnibus. Don’t hold your breath for them to get the 2025 spending bills done on time.
Persons: , Joe Biden, haven’t, Maya MacGuineas, CNN’s Tami Luhby, arrearages, Biden, What’s, Mike Johnson Organizations: CNN, CRs, Journalists, Senate, Lawmakers, Congressional Research Service, GAO, Federal, WIC, Budget, Low Income, Energy Assistance, National Energy Assistance, Association, Partnership for Public Service, Democratic, Capitol Hill, Agriculture, FDA, Commerce, Justice, Science, Energy, Water, Veterans Affairs, Transportation, Housing, Urban Development, Defense, Financial Services, General Government, Homeland Security, Labor, Health, Human Services, Foreign Locations: Washington, State
New York CNN —After several years of skyrocketing winter heating costs, millions of Americans are expected to finally get a little relief this coming season — if they heat their homes with natural gas, that is. “This is the first year many families will get a break,” said Mark Wolfe, the association’s executive director, referring to the projected drop in natural gas heating costs. Electricity, which is the second most common source of heat, is projected to cost an average of $1,374, up 1.2%. The federal Energy Information Administration is expected to release its winter heating cost outlook next month. Home heating is still priceyAmericans are gearing up for the winter heating season just as rising gas prices have strained their finances.
Persons: walloped, , Mark Wolfe, ” Wolfe, Wolfe, , Monette Ferguson, Ferguson Organizations: New, New York CNN, National Energy Assistance, Association, federal Energy Information Administration, , Low Income, Energy Assistance, Senate, Alliance for Community Empowerment Locations: New York, Russia, Saudi Arabia, New England, Connecticut
New York CNN —Extreme heat in the summer has become America’s brutal new reality. It would also include building code changes that require multi-family homes provide cooling the same way they do heating. Heat waves and mirage create an impressionistic scene on Sierra Highway during a scorching day on Saturday, July 15, 2023. Cities are warmer than their surrounding areas, a phenomenon known as the urban heat island effect, and they need to be better designed to keep people cool, researchers say. They were designed 40 years ago when summer temperatures were much cooler,” Mark Wolfe said.
Persons: haven’t, , Mark Wolfe, hasn’t, ” Wolfe, Myung J, Chun, Rushad Nanavatty, National Weather Service hasn’t, Kelly Turner, , Turner Organizations: New, New York CNN, National Energy Assistance, ’ Association, Southland, Los Angeles Times, RMI, Cool Coalition, United, US Department of Energy, Centers for Disease Control, Low Income, Energy Assistance, nonpayment, LIHEAP, CDC, National Weather Service, Solutions, UCLA, Environmental Protection Agency Locations: New York, Chicago, Los Angeles, United Nations, Washington, DC, Arizona, Maricopa, Yuma, York City, Miami, Dade County
Despite the growing concern of heat-related illnesses and climate change, people have far fewer protections from power shutoffs during the summer than they do in the winter. The Low Income Home Energy Assistance Program, known as LIHEAP, has about $6 billion in funds for fiscal 2023, which runs through September. The association is calling on Congress to provide an additional $3 billion for cooling assistance this summer, which would help about 6 million households. And it is asking utilities to voluntarily suspend shutoffs this summer for those behind on their bills. Florida Power & Light, for instance, has a longstanding policy that it won’t disconnect customers if it’s 95 degrees or higher.
Persons: David Konisky, , Konisky, Mark Wolfe, That’s, Wolfe, it’s, Bianca Soriano, Soriano Organizations: New, New York CNN, National Weather Service, Center for Energy, National Energy Assistance, Association, Energy, Indiana University, Centers for Disease Control, Income, Energy Assistance, Lawmakers, US Energy Information Administration, Louisiana —, Florida, Customers Locations: New York, United States, Washington, DC, Delaware, Nevada, Colorado , Missouri, New Jersey, Texas, Louisiana, Florida
The last thing you need is to have what is most essential to you taken away or to ruin your credit. For starters, speak upThe most important thing you should do is let your creditors know you’re in a jam. Then think about your credit cards: These shouldn’t be your highest-priority bills to pay when you’re up against a wall. If you are late with a payment, call your credit card issuer to see if they can waive the late fee, Robertson said. The initial review is typically free, and beyond that someone using ongoing counseling services may pay $35 to $40 a month on average, McClary said.
Persons: you’ve, , Bruce McClary, McClary, you’re, Linda Robertson, ” Robertson, , Robertson Organizations: New, New York CNN, National Foundation, Credit Counseling, Energy Assistance, Housing Locations: New York
Bank of Japan to maintain easy monetary policy - governor
  + stars: | 2023-02-23 | by ( ) www.reuters.com   time to read: +1 min
[1/3] Bank of Japan Governor Haruhiko Kuroda speaks during a news conference after a meeting of G7 leaders on the sidelines of G20 finance ministers' summit on the outskirts of Bengaluru, India, February 23, 2023. REUTERS/Samuel RajkumarBENGALURU, Feb 23 (Reuters) - The Bank of Japan intends to maintain easy monetary policy and the government's energy assistance programme will hold down inflation, the central bank's governor Haruhiko Kuroda told a news conference at a G20 event on Thursday. The governor expects inflation to be below 2% for fiscal 2023 and fiscal 2024, adding that Japan is no longer in a deflationary environment. Given that import prices have fallen, the Japanese government's energy assistance will aid in holding down inflation, Kuroda said. India is hosting the first major G20 event under its year-long presidency at the summer retreat of Nandi Hills near tech hub Bengaluru.
Winter heating costs likely won't be as high as feared
  + stars: | 2023-01-30 | by ( Tami Luhby | ) edition.cnn.com   time to read: +7 min
New York CNN —Heating your home this winter likely won’t burn quite as big a hole in your wallet as initially forecast. Still, costs are up across the board compared to last winter — nearly 26% and 14.5% for heating oil and natural gas, respectively, and 10.5% and nearly 9% for electricity and propane, respectively. “You’re still paying more, but not as much more,” said Mark Wolfe, executive director of the National Energy Assistance Directors Association. Applications for the Low Income Home Energy Assistance Program are projected to reach their highest level in more a decade, Wolfe said. To help its residents cope with the high heating costs, Maine started sending $450 energy relief payments on Monday.
But temperatures are already dropping and the number of households seeking assistance is already on the rise, according to interviews with more than a half dozen officials involved in programs that provide heating assistance. Kelly said the Salvation Army in Massachusetts has received twice as many applications as it did this time last year for its winter heating assistance program, which is aimed at those whose incomes are too high to qualify for federal assistance. The cost of heating oil has been a particular concern for the Biden administration, said the government official. Heating oil and diesel inventories are at their lowest levels on record for this time of year. The administration is also prepared to tap into the Northeast Home Heating Oil Reserve, which has about 1 million barrels of heating oil, if necessary, the administration officials said.
She, too, is struggling to afford her heating bills. Johnson says she doesn’t qualify for government assistance with her heating bills. He wants his heating oil to last as long as possible and filling his tank costs roughly $1,500. But it was only enough to fill roughly one third of their oil tank, which Thomas thinks will last just two to three weeks. So they’re using space heaters and electric blankets to stay warm, hoping to save their heating oil for when their kids come home for Thanksgiving.
The Biden administration is providing over $13 billion in aid to help low- and moderate-income Americans lower their energy costs, including grants to pay electric bills as well other incentives to make energy-efficient upgrades to their homes. The announcement reflects the administration's efforts to lower energy costs amid extreme temperature shifts from climate change. Under the initiative, the Department of Health and Human Services will release $4.5 billion in Low Income Home Energy Assistance Program funding, which helps pay energy bills and energy-related home repairs for families. "We know that winter heating bills account for the largest share of low-income households' home energy needs. The Biden administration will also provide roughly $9 billion to help low- and moderate-income families lower energy costs by making energy-efficient upgrades to their homes.
Across the U.S., families are looking to the winter with dread as energy costs soar and fuel supplies tighten. The National Energy Assistance Directors Association says energy costs will be the highest in more than a decade this winter. The pain will be especially acute in New England, which is heavily reliant on heating oil to keep homes warm. It’s projected to cost more than $2,300 to heat a typical home with heating oil this winter, the energy department said. But that level represents an overall reduction from last year, when federal pandemic relief pushed the total energy assistance package past $8 billion.
They heat their home mainly with fuel oil, which costs them $4.57 a gallon, up from around $3.10 last year. Duke Energy customers in Indiana were recently hit with a 7% hike after a temporary 16% increase just this summer. Fuel oil customers often must pay for deliveries up front, and many suppliers have been less willing to offer payment plans because of market volatility, experts said. “I don’t have savings, period.”Brickey and Parks applied for LIHEAP assistance through District Three, a government cooperative geared toward senior citizens in southwest Virginia. They had three months of electricity paid for this past summer, along with $800 worth of fuel oil assistance last winter.
A Tuesday evening Senate procedural vote is designed to speed action once Democrats and Republicans put the finishing touches on legislation. Senate Minority Leader Mitch McConnell urged his fellow Republicans to vote against the temporary funding bill because of the Manchin provision, Politico reported. And I would hope my friends would look at it that way," Manchin said in an interview with CNN, referring to the inclusion of his permitting reforms in the temporary funding bill. The last time Congress allowed funding to lapse was in December 2018, when Democrats balked at paying for then-President Donald Trump's U.S.-Mexico border wall. Following a record, 35-day impasse and partial government shutdown, Trump found ways to circumvent Congress to some degree, but the wall never was completed.
The couple is now paying $472 a month on the budget plan, up from around $290 a month last winter. Jason Bell may have to take on a second part-time job, on top of his full-time position, to afford his heating bills this winter. Those who heat with natural gas are facing the largest spike, with their cost for the winter heating season expected to soar 34.3% to $952, the association said. The tab for heating oil is expected to jump 12.8% to $2,115. Oil prices, which spiked last winter after Russia invaded Ukraine in February, are declining but are still higher than they were last year.
That spike in demand pushed prices higher, and was exacerbated by the retirement of coal-fired and nuclear plants, in favor of electric generators. Meanwhile, natural gas production has been slow to come back online after waves of shutdowns during the Covid-19 pandemic. Today, the price of natural gas is at levels not seen in more than a decade. The company said the increases are directly related to higher natural gas prices. "For many struggling families, higher prices can mean being forced to choose between heat, food or medication," the association said.
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