Average Price: Electricity per Kilowatt-Hour in Washington-Baltimore, DC-MD-VA-WV (CBSA)
This dataset tracks average price: electricity per kilowatt-hour in washington-baltimore, dc-md-va-wv (cbsa) over time.
Latest Value
0.13
Year-over-Year Change
0.78%
Date Range
1/1/1998 - 12/1/2017
Summary
This trend measures the average price of electricity per kilowatt-hour in the Washington-Baltimore metropolitan area. It is an important indicator for understanding regional energy costs and 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
The Average Price: Electricity per Kilowatt-Hour in Washington-Baltimore, DC-MD-VA-WV (CBSA) metric tracks the average retail price of electricity for residential, commercial, and industrial consumers in this major urban region. It is a key statistic for economists and policymakers analyzing energy affordability and infrastructure investment.
Methodology
The data is collected through surveys of utility companies and electricity providers in the defined geographic area.
Historical Context
Electricity prices in a given market can influence business investment, consumer spending, and broader economic performance.
Key Facts
- The average price was $0.13 per kWh as of the latest data.
- Prices have risen by 20% over the past 5 years in this region.
- Electricity accounts for about 2.5% of total household expenditures.
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 Washington-Baltimore metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are a key indicator of energy affordability and can influence broader economic conditions, making this trend important for understanding regional market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of utility companies and electricity providers in the defined geographic area.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess energy infrastructure investment needs, evaluate cost-of-living pressures, and model the impacts of energy policy changes.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month lag between the reference period and public release.
Related News
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. Natural Gas Storage Increases Due to Market Dynamics
Navigating Market Volatility: U.S. Natural Gas Storage Strategies and Trends Understanding the dynamics of the U.S. natural gas storage sector is crucial as it plays a central role in shaping the energy market. The storage of natural gas is not just about logistics; it represents a strategic resource ensuring energy availability and stability in times of fluctuating supply and demand. Market volatility affects the price and availability of natural gas, and by extension, decisions regarding its
U.S. Stocks Hit Records; Gold Surges, Bitcoin Declines
U.S. Stock Market Soars Amid Treasury Yield Concerns Despite ongoing global uncertainties, the U.S. stock market has defied expectations, setting unprecedented records this year. The surge of the stock indices reflects the market's buoyancy despite economic fluctuations. Major indicators like the Dow Jones, S&P 500, and Nasdaq have all reached new highs, signifying the resilience of equities in the current financial landscape. Meanwhile, gold prices have surged, reinforcing its status as a safe
US economic growth slows amid rising inflation concerns
US Economic Growth Slows Amid Inflation and Rising Interest Rates The US economy, a crucial indicator of its global standing, is facing a slow growth trajectory. Recent data suggest that inflationary pressures and rising interest rates are the chief culprits in this deceleration. With the Consumer Price Index reflecting heightened inflation and the Federal Reserve adjusting interest rates, the interplay of these factors raises significant concerns for economic stability. These developments furt
U.S. Natural Gas Prices Rise Due to Warmer Weather Forecasts
U.S. Natural Gas Prices Surge: Economic and Weather Patterns at Play The current surge in U.S. natural gas prices is reshaping the energy market landscape. Recent weather forecasts, combined with robust economic patterns, are pushing these prices skyward, affecting individuals and industries alike. This uptrend intertwines with broader energy market dynamics, such as climate patterns and economic impacts. Understanding these interconnected factors helps explain the increasingly volatile natural
U.S. mortgage rates decline aligns with housing price cuts
U.S. Real Estate: Mortgage Rates Plummet Mortgage rates in the U.S. have experienced a notable drop, marking some of the most significant cuts in recent years. This shift comes at a time when the housing market is adjusting with substantial price reductions, offering potential homebuyers opportunities. The interconnectedness of mortgage rates with the broader economic trends cannot be understated. Lower interest rates often mean cheaper loans, potentially sparking more activity in the real esta
Similar APUA Trends
Average Price: Electricity per 500 Kilowatt-Hour in Baltimore, MD (CBSA)
APUA31772621
Average Price: Electricity per 500 Kilowatt-Hour in Buffalo-Niagara Falls, NY (CBSA)
APUA10572621
Average Price: Electricity per 500 Kilowatt-Hour in Cincinnati-Hamilton, OH-KY-IN (CBSA)
APUA21372621
Average Price: Electricity per 500 Kilowatt-Hour in Cleveland-Akron, OH (CBSA)
APUA21072621
Average Price: Electricity per 500 Kilowatt-Hour in Milwaukee-Racine, WI (CBSA)
APUA21272621
Average Price: Electricity per 500 Kilowatt-Hour in Pittsburgh, PA (CBSA)
APUA10472621
Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Washington-Baltimore, DC-MD-VA-WV (CBSA) (APUA31172610), retrieved from FRED.