Average Price: Electricity per Kilowatt-Hour in the New England Census Division
APU011072610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.28
Year-over-Year Change
8.46%
Date Range
1/1/2018 - 12/1/2024
Summary
The Average Price: Electricity per Kilowatt-Hour in the New England Census Division tracks the average retail price of electricity for residential, commercial, and industrial customers in the New England region. This metric is important for economists and policymakers to understand regional energy costs and trends.
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 data series represents the average price paid per kilowatt-hour of electricity in the six-state New England region, which includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. It is used to analyze regional electricity market dynamics and inform energy policy decisions.
Methodology
The data is collected through monthly surveys of electric utility companies by the U.S. Energy Information Administration.
Historical Context
Electricity prices in the New England area are a key input for regional economic and policy analysis.
Key Facts
- New England has some of the highest electricity rates in the continental U.S.
- Residential electricity prices in New England are about 50% above the national average.
- Commercial and industrial electricity costs in New England are also significantly higher than other regions.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average retail price of electricity per kilowatt-hour for residential, commercial, and industrial customers in the six-state New England region.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are a key input for regional economic analysis and energy policy decisions in the New England area.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of electric utility companies by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This electricity price data is used by economists, policymakers, and market analysts to understand regional energy cost dynamics and inform energy policy decisions in the New England states.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to periodic revisions by the data source.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in the New England Census Division (APU011072610), retrieved from FRED.