Average Price: Electricity per Kilowatt-Hour in the Mountain Census Division
APU048072610 • 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
The Average Price: Electricity per Kilowatt-Hour in the Mountain Census Division tracks the average cost of residential electricity in the 8-state Mountain region. This metric is closely watched by policymakers and utilities to monitor energy affordability and consumption 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 series measures the average retail price of electricity paid by residential consumers in the 8-state Mountain Census Division, which includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming. It is a key economic indicator for the region's energy sector and household budgets.
Methodology
The data is collected through surveys of electric utilities and reported monthly by the U.S. Energy Information Administration.
Historical Context
Policymakers and analysts use this price trend to assess the economic impacts of electricity costs on households and industries within the Mountain region.
Key Facts
- The Mountain states account for 10% of total U.S. residential electricity consumption.
- Electricity prices in the Mountain region are typically lower than the national average.
- Residential electricity rates have risen over 30% in the Mountain states since 2010.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average retail price of electricity paid by residential consumers in the 8-state Mountain Census Division.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers and utilities to monitor energy affordability and consumption patterns in the Mountain region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities and reported monthly by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this price trend to assess the economic impacts of electricity costs on households and industries within the Mountain region.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with a 2-month lag.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in the Mountain Census Division (APU048072610), retrieved from FRED.