The Daily Money: Why are electric bills so high?

Even as overall inflation eases, economists say consumers should expect to see electric bills continue to rise. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Tuesday, January 24 Happy Tuesday, Daily Money readers. It's Amanda Pérez Pintado with today's headlines.  Even as overall inflation cools, your electric bill isn't expected to get cheaper.  Consumers should expect electricity prices to continue to climb this year as more natural gas goes overseas and companies' operational costs increase, economists say. "It's fair to say, in aggregate, we'll see upward pressure for 2023 on the cost consumers pay for electricity," said Dallas Federal Reserve economist Jesse Thompson.  More than 75% of Americans already worry about their ability to afford utility or electric bills, according to Texas electric power company Payless Power.  Where is child care most expensive?  Child care costs range from 8% to 19% of a median family's income per child, or from $5,357 to $17,171 per year when adjusted for inflation, according to new Labor Department data.  The department's new National Database of Childcare Prices breaks down child care costs in 2,360 counties.  Find out how expensive child care is in your county. 📰 More stories you shouldn't miss 📰 Goodbye, M&M's 'spokescandies.' The brand said it will replace its colorful mascots with actress with Maya Rudolph after backlash.  Why are flip phones coming back? Gen Z is powering a comeback for the retro tech. 2023 tax season guide for new parents: What to know about the Child Tax Credit and more Splash Mountain closed at Disney World. Tiana's Bayou Adventure will replace the iconic ride.  🍔 Today's Menu 🍔 Have any leftovers in your fridge? How to make delicious meals from everyday leftovers About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. Trading resumes after dozens of stocks were halted on NYSE Tuesday Dozens of stocks including McDonalds and Walmart were halted in early trading Tuesday for an unexplained issue at the New York Stock Exchange. New Labor Department database breaks down child care costs by county Child Tax Credit, Dependent Care Credit: What new parents can claim... What should I do when a co-worker takes credit for other people's... Don't expect relief from high electricity prices this year. Here's why 6 adventure travel and active tour trends for 2023 M&M's puts candy mascots on indefinite pause following backlash Apple releases iOS 16.3 with new security features Will you be laid off in the next recession? A computer may decide. Here's why egg prices climbed 60% in a year   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102