Average Price: Electricity per Kilowatt-Hour in the South Atlantic Census Division
This dataset tracks average price: electricity per kilowatt-hour in the south atlantic census division over time.
Latest Value
0.16
Year-over-Year Change
-0.63%
Date Range
1/1/2018 - 12/1/2024
Summary
The Average Price: Electricity per Kilowatt-Hour in the South Atlantic Census Division measures the average cost of electricity for residential, commercial, and industrial consumers in the South Atlantic region of the United States. This metric is closely watched by policymakers and economists to assess energy affordability and the impacts of factors like weather, regulation, and supply and demand.
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 tracks the average retail price of electricity per kilowatt-hour across the nine states in the South Atlantic Census Division, which includes Florida, Georgia, South Carolina, North Carolina, Virginia, West Virginia, Delaware, Maryland, and the District of Columbia. It serves as an important indicator of regional energy costs and can inform decisions around energy policy, infrastructure investment, and economic competitiveness.
Methodology
The data is collected and published monthly by the U.S. Energy Information Administration based on surveys of electric utility companies.
Historical Context
Policymakers and economists use this metric to analyze trends in regional energy costs and the impacts on households, businesses, and the broader economy.
Key Facts
- The South Atlantic region accounts for over 20% of total U.S. electricity consumption.
- Electricity prices in the South Atlantic are typically lower than the national average.
- Residential electricity costs make up over 40% of total electricity expenditures in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per kilowatt-hour across the nine states in the South Atlantic Census Division.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional energy costs and can inform decisions around energy policy, infrastructure investment, and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and published monthly by the U.S. Energy Information Administration based on surveys of electric utility companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze trends in regional energy costs and the impacts on households, businesses, and the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief lag, and may not capture some localized or short-term price fluctuations.
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Citation
U.S. Energy Information Administration, Average Price: Electricity per Kilowatt-Hour in the South Atlantic Census Division (APU035072610), retrieved from FRED.