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For many US households, energy costs are taking up a larger share of monthly income and becoming harder to manage.
In the EY organization’s latest Global Energy Consumer Research, building on six years of insights from more than 120,000 consumers globally, nearly 2,000 US respondents highlight the growing strain of energy costs. The picture of energy security is increasingly fragile:
- 26% of consumers report spending more than 10% of income on energy.
- 34% of consumers not in poverty today expect to face difficulty in paying an energy bill in the next year.
- Only 40% of consumers don’t expect to face an issue when paying their bill in the next year.
This challenge extends beyond cost. Most customers expect their energy providers to help them manage it, yet fewer than half feel supported. Nearly half also believe providers are making higher profits, increasing scrutiny around how costs are communicated and managed. Many say they are already doing all they can, leaving limited room to absorb further increases.
This is increasing the need for more proactive, digitally enabled support that helps customers act earlier and with greater confidence.
Energy now underpins nearly every part of daily life, from remote work and digital services to home comfort. When routines are threatened by rising costs or an untimely power outage, the impact is immediate and often difficult to manage.
The problem is utilities continue to interpret affordability through a narrow lens. Consumers are experiencing something far more complex and disruptive, and that gap in understanding is beginning to impact the market in more tangible ways.