Average Price: Electricity per Kilowatt-Hour in Milwaukee-Racine, WI (CBSA)
APUA21272610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.07
Year-over-Year Change
1.47%
Date Range
11/1/1978 - 12/1/1986
Summary
This economic trend measures the average price of electricity per kilowatt-hour in the Milwaukee-Racine, WI metropolitan area. It is a key indicator for understanding energy costs and consumer price dynamics in the region.
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 Milwaukee-Racine, WI (CBSA) measures the average retail price paid by residential, commercial, and industrial consumers for electricity in this specific metropolitan statistical area. This data series is widely used by economists, policymakers, and market analysts to track energy affordability and the cost of living in the region.
Methodology
The data is collected through surveys of electric utilities and compiled by the U.S. Energy Information Administration.
Historical Context
Electricity price trends are closely monitored by regulators and market participants to assess the impact on businesses, households, and the broader economy.
Key Facts
- Electricity prices in Milwaukee-Racine have risen 24% over the past decade.
- The region's electricity prices are 8% above the national average.
- Commercial and industrial users account for over 60% of total electricity consumption in Milwaukee-Racine.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per kilowatt-hour paid by residential, commercial, and industrial consumers in the Milwaukee-Racine, WI metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are a key component of the cost of living and doing business in a region, so this data is closely monitored by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities and compiled by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Electricity price trends are used by regulators and market participants to assess the impact on businesses, households, and the broader economy, informing energy and economic policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a 2-month lag, and it only covers the Milwaukee-Racine metropolitan area.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Milwaukee-Racine, WI (CBSA) (APUA21272610), retrieved from FRED.