Highlights

  • The problem has been exacerbated by both Russia's war against Ukraine

  • Summer heat waves has also added to the problem

Latest news

Pakistan confirms airstrikes targeting militants' hideouts in Afghanistan, Kabul terms it 'brutal act'

Pakistan confirms airstrikes targeting militants' hideouts in Afghanistan, Kabul terms it 'brutal act'

'Baby John' earns Rs 11 crore on opening day

'Baby John' earns Rs 11 crore on opening day

Govt planning to send human into deep sea in early 2026: Union Minister Jitendra Singh

Govt planning to send human into deep sea in early 2026: Union Minister Jitendra Singh

Banking frauds rise in H1FY25, amount involved jumps 8-time: RBI report

Banking frauds rise in H1FY25, amount involved jumps 8-time: RBI report

Pakistan military courts sentenced another 60 civilians to prison terms ranging from 2 to 10 years

Pakistan military courts sentenced another 60 civilians to prison terms ranging from 2 to 10 years

King Charles commemorates Commonwealth soldiers in Christmas message

King Charles commemorates Commonwealth soldiers in Christmas message

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China approves world's largest dam over Brahmaputra river close to Indian border

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Massive fire breaks out at Bangladesh Secretariat, official documents damaged

Tsunami of shutoffs: Unpaid power bills by 20 million US homes

Soaring electricity prices are beginning to take a toll on US households as they fall behind their utility bill payments

Tsunami of shutoffs: Unpaid power bills by 20 million US homes

About 1 in 6 American homes or more than 20 million households have fallen behind on their utility bills, creating the worst crisis the country has ever seen.

The surging utility bills are in part due to higher natural gas prices. In the US, the price of natural gas has soared more than 150% year-to-date amid increased demand for the fuel from both overseas markets and at home.

According to the National Energy Assistance Directors Association (NEADA), those households owe a combined $16 billion in unpaid utility bills, double the pre-pandemic total. The average balance owed has climbed 97% since 2019, to $792.

The power bill crisis is even more acute in Europe, where the spike in natural gas prices has been far greater in the wake of Russia’s invasion of Ukraine and summer heat waves.

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