Average Price: Electricity per Kilowatt-Hour in the East South Central Census Division
APU036072610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
0.68%
Date Range
1/1/2018 - 12/1/2024
Summary
This economic trend measures the average price of electricity per kilowatt-hour in the East South Central Census Division of the United States. It is an important indicator for understanding regional energy costs and consumption patterns.
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
The Average Price: Electricity per Kilowatt-Hour in the East South Central Census Division tracks the average retail price paid by consumers for electricity in this region, which includes Alabama, Kentucky, Mississippi, and Tennessee. This metric is widely used by policymakers, utilities, and analysts to assess energy market dynamics and the relative affordability of electricity.
Methodology
The data is collected through surveys of electric utilities and energy providers in the region.
Historical Context
This trend is closely monitored by government agencies, energy companies, and economists to gauge regional energy price movements and their potential impacts on consumers and businesses.
Key Facts
- The East South Central Census Division accounts for around 6% 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 East South Central Division.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per kilowatt-hour paid by consumers in the East South Central Census Division of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional energy market dynamics and the relative affordability of electricity for both consumers and businesses in the East South Central region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities and energy providers operating in the East South Central Census Division.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, energy companies, and economists to gauge regional energy price movements and their potential impacts on consumers and businesses.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some lag in reporting from utility providers.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in the East South Central Census Division (APU036072610), retrieved from FRED.