Why Are Electricity Prices Expected To Skyrocket In New England This Winter?

New England families planning their heating budget this winter might be in for a shock.

Even if we're spared the frigid temperatures we saw last winter — and, according to the National Oceanic and Atmospheric Administration, "nothing indicates we'll see a repeat" of the dreaded polar vortex — utilities companies like National Grid are still planing to raise electricity rates for the winter season by 37 percent.

WBUR's Sacha Pfeiffer finds out what's behind those price hikes.

Jon Chesto, managing editor at the Boston Business Journal. He tweets @jonchesto.

Boston Business Journal: Here's Why Our Electric Bills Will Go Through The Roof This Winter