Winter Heating Outlook 2024-2025
Natural gas customers should see winter energy bills approximately the same as last year and 16% lower than two years ago.
When accounting for the larger average size of natural gas homes compared to all-electric homes, as well as the colder average winters experienced by natural gas homes, households heating with natural gas are expected to save between 59% and 100% on their heating bills compared to all-electric homes this winter.
U.S. natural gas production and consumption alike reached record highs in 2023, with 37.8 Tcf of natural gas produced, and 32.6 Tcf consumed. This record-breaking consumption was driven in significant part by the increasing importance of natural gas for power generation, where natural gas provided more than twice as much peak generation as the next largest energy source.
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