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Content: So if your cousin or your best friend from college plans to shack up with you for a month, be prepared. You could see a more expensive electric bill. If you can’t decide whether to buy a house or continue renting, consider the fact that you’ll probably see your electric bill go up if you choose to become a homeowner. Check out our rent vs. buy calculator. Weather plays a role as well. You might pay the most for power in the summer when rates are higher due to an increased demand for electricity and the higher cost that comes with needing to generate more electricity. If bad weather knocks down power lines or more people need to use electricity to keep themselves warm during a snowstorm, your bill could be higher than normal. Electricity rates can also change depending on fuel costs and the cost of delivering electricity and keeping power plants running. While the price of supplying electricity can rise and fall from one minute to the next, in most cases, that cost is based on seasonal averages. Rates differ by region and state due to factors like differences in climate, ease of distribution, local price regulations and access to natural gas.