Average Price: Electricity per Kilowatt-Hour in Washington-Baltimore, DC-MD-VA-WV (CBSA)
APUA31172610 • Economic Data from Federal Reserve Economic Data (FRED)
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.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Washington-Baltimore, DC-MD-VA-WV (CBSA) (APUA31172610), retrieved from FRED.