Average Price: Electricity per 500 Kilowatt-Hour in Buffalo-Niagara Falls, NY (CBSA)
APUA10572621 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.37
Year-over-Year Change
7.35%
Date Range
11/1/1978 - 12/1/1986
Summary
This trend measures the average price of electricity per 500 kilowatt-hour in the Buffalo-Niagara Falls, NY metropolitan area. Electricity prices are an important economic indicator for policymakers and consumers.
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 500 Kilowatt-Hour in Buffalo-Niagara Falls, NY (CBSA) represents the typical cost of residential electricity consumption in this region. Electricity is a key input for businesses and households, so this metric helps analyze regional energy costs and inform policy decisions.
Methodology
The data is collected through surveys of electric utility companies by the U.S. Energy Information Administration.
Historical Context
Electricity prices influence consumer spending, production costs, and broader economic conditions.
Key Facts
- Electricity accounts for about 2.5% of total U.S. household expenditures.
- Prices can vary significantly by region due to factors like fuel mix and utility regulation.
- Residential electricity rates have risen about 50% over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of electricity per 500 kilowatt-hour for residential consumers in the Buffalo-Niagara Falls, NY metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are a key input cost for households and businesses, so this metric helps assess regional energy affordability and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utility companies by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to understand regional energy costs and their impact on consumer spending, production, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag. It may not capture real-time changes in electricity rates or consumption patterns.
Similar APUA Trends
US Diesel Ultra Low Sulfur (0-15 ppm) Sales Price
GASDESLSW
Average Price: Utility (Piped) Gas per Therm in Kansas City, MO-KS (CBSA)
APUA21472620
Average Price: Potato Chips (Cost per 16 Ounces) in the Midwest Census Region - Urban
APU0200718311
Average Price: Beef Liver (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400705141
Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the East North Central Census Division
APU023072511
Average Price: Ham, Boneless, Excluding Canned (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000704312
Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in Buffalo-Niagara Falls, NY (CBSA) (APUA10572621), retrieved from FRED.