Average Price: Electricity per Kilowatt-Hour in the West South Central Census Division
APU037072610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
1.96%
Date Range
1/1/2018 - 12/1/2024
Summary
The 'Average Price: Electricity per Kilowatt-Hour in the West South Central Census Division' trend measures the average retail price of electricity per kilowatt-hour for residential, commercial, and industrial consumers in the West South Central region of the United States. This metric is closely watched by policymakers, utilities, and energy analysts to understand regional electricity market dynamics.
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 cost of electricity in the West South Central census division, which includes Arkansas, Louisiana, Oklahoma, and Texas. It is a key data point for analyzing regional electricity prices, consumer demand, and the performance of the power generation and distribution sectors.
Methodology
The data is collected by the U.S. Energy Information Administration through surveys of electric power providers.
Historical Context
Electricity price trends are used to inform energy and economic policies, as well as investment and operational decisions by utilities and large industrial consumers.
Key Facts
- The West South Central region accounts for about 20% of total U.S. electricity consumption.
- Electricity prices in the region are typically lower than the national average.
- Natural gas is the dominant fuel source for electricity generation in the West South Central states.
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 consumers in the West South Central census division of the United States.
Q: Why is this trend relevant for users or analysts?
A: Electricity price trends in the West South Central region are closely watched by policymakers, utilities, and energy analysts to understand regional electricity market dynamics and their impact on consumers and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through surveys of electric power providers.
Q: How is this trend used in economic policy?
A: Electricity price trends are used to inform energy and economic policies, as well as investment and operational decisions by utilities and large industrial consumers.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in the West South Central Census Division (APU037072610), retrieved from FRED.