ENTER NOW: Win $600 on CBS 6 This Morning starting Monday

Colder winter weather forecasts could turn up heating bill costs

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

(CNN) – Colder winter weather is expected to cost you more in heating bills this year.

That’s according to a new government report from the Energy Information Administration.

The agency estimates costs for homes using heating oil will hit a record high with a 20 percent increase from last year.

Homes heated with natural gas are expected to see bills that are 15 percent higher, and electricity customers could see a 5 percent increase.

The report says the increase is mostly due to forecasts predicting a colder winter for east of the Rockies.