US utilities, facing some of their highest bills in years, will pay even more this winter as natural gas prices continue to rise. From New Hampshire to Louisiana, customers’ electricity rates are rising. Natural gas producers, crippled by pipeline restrictions and investors pushing for austerity measures, have not increased production enough to ease the pressure. The region has limited pipeline capacity and imports large quantities of liquefied natural gas, which are more scarce due to European demand. “We are still seeing the effects of the war in Ukraine on liquefied natural gas prices, which is affecting our winter supply,” he said.

Source: Wall Street Journal September 18, 2022 15:15 UTC