Average Price: Electricity per Kilowatt-Hour in the West North Central Census Division
APU024072610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.14
Year-over-Year Change
11.02%
Date Range
1/1/2018 - 12/1/2024
Summary
The Average Price: Electricity per Kilowatt-Hour in the West North Central Census Division measures the average retail price of electricity for residential, commercial, and industrial consumers in this Midwestern region. This data point is crucial for analyzing energy costs and market 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 economic indicator tracks the average price paid per kilowatt-hour of electricity across the West North Central Census Division, which includes Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota. It is widely used by policymakers, utilities, and market analysts to understand regional energy markets and guide policy decisions.
Methodology
The data is collected through surveys of electricity providers in the region by the U.S. Energy Information Administration.
Historical Context
This metric helps inform discussions around energy policy, infrastructure investments, and cost-of-living adjustments.
Key Facts
- The West North Central region accounts for about 12% of total U.S. electricity consumption.
- Electricity prices in this region are typically lower than the national average.
- Residential consumers make up the largest share of electricity demand in the West North Central states.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average retail price of electricity per kilowatt-hour for residential, commercial, and industrial consumers in the West North Central Census Division.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding regional energy market dynamics, informing policy decisions, and analyzing cost-of-living trends in the Midwest.
Q: How is this data collected or calculated?
A: The U.S. Energy Information Administration collects this data through surveys of electricity providers in the West North Central region.
Q: How is this trend used in economic policy?
A: Policymakers and utilities rely on this metric to guide decisions around energy infrastructure, pricing, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 2-month lag, and it may not capture all small or off-grid electricity providers in the region.
Similar APU Trends
Average Price: Utility (Piped) Gas per Therm in Size Class A
APUS00072620
Average Price: Utility (Piped) Gas - 100 Therms in San Francisco-Oakland-Hayward, CA (CBSA)
APUS49B72611
Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in Cincinnati-Hamilton, OH-KY-IN (CBSA)
APUA21374716
Average Price: Beef for Stew, Boneless (Cost per Pound/453.6 Grams) in the Midwest Census Region - Urban
APU0200703432
Average Price: Electricity per Kilowatt-Hour in Urban Alaska (CBSA)
APUS49G72610
Average Price: Utility (Piped) Gas - 40 Therms in Dallas-Fort Worth-Arlington, TX (CBSA)
APUS37A72601
Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in the West North Central Census Division (APU024072610), retrieved from FRED.