2024 is only a few weeks old but Comcast and Spectrum have wasted no time in raising prices. For some customers, their bills may rise by up to $20 a month totaling $240 a year in extra expenses.
This is Spectrum’s second price hike in less than a year. Comcast’s last price hike happened in January 2023.
Here is a quick breakdown of the price hikes that Spectrum and Comcast have recently announced.
Spectrum said the broadcast TV surcharge, which just went up by $1 in July, will increase from $23.20 to $25.75 a month. The fee to rent an HD Box will increase from $10.99 to $12.50 a month. The charge for Advanced Wi-Fi will increase by $2 to $7 a month. Its Entertainment View and Latino View packages will each increase by $3 to $15 a month.
Spectrum TV Essentials, its live streaming service, will increase by $5 to $29.99 a month.
The company increased Spectrum Internet Assist after they increased the speed of the service. “This significant speed enhancement—which we will apply to all Spectrum Internet Assist customers automatically—comes with a modest price increase.”
With this Comcast price hike the price of TV service will go up around $6 per month for your TV package. You will also see a $4 price hike on Comcast’s broadcast TV fees. Regional sports fees will also go up $1 a month. Bundles of premium channels will see prices go up between $2 and $4 a month, depending on the package.
Overall, you could see your TV bill go up by as much as $15 a month.
The price of Internet will also be going up on average $4 a month across all Comcast Internet packages. Home protection customers will also see their bills go up by $5 a month.
A Comcast customer with TV, Internet, and home protection services could see their bill jump by more than $20 a month, depending on what they subscribe to. This news comes shortly after DIRECTV also announced its second price hike of 2024. Exact pricing for regional sports fees and broadcast TV fees will vary by area.
This news comes as DIRECTV just raised its price twice in 2023 and DISH also raised its price $5 a month on all satellite plans.
Increasingly, the cost of content is driving up the price of cable TV. Networks are looking to offset the declining subscriber revenue by charging the remaining paying customers even more.