Average Price: Electricity per 500 Kilowatt-Hour in U.S. City Average
This dataset tracks average price: electricity per 500 kilowatt-hour in u.s. city average over time.
Latest Value
69.62
Year-over-Year Change
1.91%
Date Range
11/1/1978 - 6/1/2013
Summary
The 'Average Price: Electricity per 500 Kilowatt-Hour in U.S. City Average' tracks the monthly average price of electricity for residential consumers in the United States. This key metric provides insight into the cost of electricity for households and is closely monitored by policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series measures the average retail price of electricity per 500 kilowatt-hours for residential consumers across U.S. cities. It is a crucial indicator of the cost of living and can inform energy policy decisions and market analysis.
Methodology
The data is collected through surveys of electric utilities by the U.S. Energy Information Administration.
Historical Context
Policymakers and market analysts closely follow this trend to understand residential electricity demand and affordability.
Key Facts
- The average price of electricity per 500 kWh was $70.31 in January 2023.
- Electricity prices have risen by 12% over the past year.
- Residential electricity accounts for nearly 40% of total U.S. electricity consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per 500 kilowatt-hours for residential consumers across U.S. cities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into the cost of living and energy affordability for households, which is closely monitored by policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to understand residential electricity demand and inform energy policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, providing timely insight into residential electricity prices.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in U.S. City Average (APU000072621), retrieved from FRED.