Electricity costs expected to hit record high this summer, new analysis finds

TL;DR

Cooling costs are projected to reach record highs this summer.
Electricity prices are rising due to increased demand and grid updates, including infrastructure for data centers.
Americans will spend an average of nearly $800 on electricity between June and September, a 10.5% increase from last year.
Arizona residents may face the highest electricity costs at an estimated $1,060, while Washington and North Dakota are projected to have the lowest at $488.
One in six U.S. households is behind on utility bills amid broader financial struggles and high inflation.

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