Consumers, on average, believe home energy bills would have to nearly double before forcing them to make lifestyle changes to save on costs, according to a new University of Michigan survey.

 

Conducted for the first time last fall, the U-M Energy Survey found that consumers anticipate a proportionally greater rise in home energy bills than in the price of gasoline—30 percent for home energy versus 15 percent for gasoline—over the next five years.

 

According to federal data, the average U.S. household spent about $2,000 last year on home energy, including electricity and other household fuels, and an average of $2,900 per year on gasoline.

 

A joint effort of the U-M Energy Institute and Institute for Social Research, the quarterly survey gauges consumer perceptions and beliefs about key energy-related concerns including affordability, reliability and impact on the environment.

 

Three-quarters of consumers in the survey said that energy impacts the environment by at least a fair amount, and 86 percent felt that environmental effects due to energy would increase or remain the same in the future. When asked about which aspect of the environment was most affected by energy use, 41 percent of consumers identified the air, followed by global warming (24 percent), water (16 percent) and personal health (16 percent).

 

Asked which source of energy had the greatest environmental impact, 66 percent of respondents flagged some form of fossil fuel as the source of energy that affects the environment the most.

 

Another striking result is that U.S. households are just as concerned about the environmental impact of energy use as they are about its affordability.

 

Significantly fewer consumers were greatly worried about energy reliability.