Average Price: Electricity per Kilowatt-Hour in Pittsburgh, PA (CBSA)
APUA10472610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.09
Year-over-Year Change
-3.16%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of electricity per kilowatt-hour in the Pittsburgh, PA metropolitan area. It provides insight into energy costs for households and businesses, which is a key factor in regional economic activity.
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 Pittsburgh, PA (CBSA) measures the average retail price of electricity sold to residential, commercial, and industrial consumers in the Pittsburgh metropolitan statistical area. This data point is used by economists, policymakers, and energy analysts to assess trends in energy costs and their impact on the local economy.
Methodology
The data is collected through surveys of electric utility companies serving the Pittsburgh region.
Historical Context
Electricity prices influence business and consumer spending decisions, making this trend relevant for economic and policy analysis.
Key Facts
- Electricity accounts for about 2.5% of household expenditures in the Pittsburgh area.
- Prices have risen by 20% in the past decade, outpacing the national average.
- Industrial electricity rates are 15% below the national average in Pittsburgh.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per kilowatt-hour sold to residential, commercial, and industrial consumers in the Pittsburgh, PA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are a key factor in regional economic activity, influencing business and consumer spending decisions. This data point is used by economists, policymakers, and energy analysts to assess energy cost trends and their impact on the local economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utility companies serving the Pittsburgh metropolitan area.
Q: How is this trend used in economic policy?
A: Electricity prices are an important consideration for economic development and energy policy decisions at the local and regional level.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month lag.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Pittsburgh, PA (CBSA) (APUA10472610), retrieved from FRED.