Average Price: Electricity per Kilowatt-Hour in the Middle Atlantic Census Division
APU012072610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.21
Year-over-Year Change
7.81%
Date Range
1/1/2018 - 12/1/2024
Summary
The 'Average Price: Electricity per Kilowatt-Hour in the Middle Atlantic Census Division' measures the average retail price of electricity per kilowatt-hour for residential, commercial, and industrial customers in the Middle Atlantic region of the United States. This metric is crucial for understanding energy costs and the dynamics of regional electricity markets.
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 economic trend represents the average price paid per kilowatt-hour of electricity in the Middle Atlantic states, which include New Jersey, New York, and Pennsylvania. Electricity prices are a key factor in the cost of living and business operations, and this data is used by policymakers, analysts, and consumers to monitor regional energy markets.
Methodology
The data is collected through surveys of electric utilities by the U.S. Energy Information Administration.
Historical Context
Electricity prices influence consumer spending, business investment, and overall economic activity in the region.
Key Facts
- The Middle Atlantic region accounts for over 20% of total U.S. electricity consumption.
- Electricity prices in the Middle Atlantic have risen by an average of 2.5% per year over the past decade.
- Commercial customers make up the largest share of electricity demand in the Middle Atlantic at 38%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per kilowatt-hour for residential, commercial, and industrial customers in the Middle Atlantic region of the United States.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are a crucial factor in the cost of living and business operations in the Middle Atlantic states, making this data highly relevant for policymakers, analysts, and consumers monitoring regional energy markets.
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: Electricity prices influence consumer spending, business investment, and overall economic activity in the region, making this data an important input for policymakers and economists analyzing regional economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month delay, and may be subject to minor revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in the Middle Atlantic Census Division (APU012072610), retrieved from FRED.