Average Price: Electricity per Kilowatt-Hour in Washington, DC-MD-VA (CBSA)
This dataset tracks average price: electricity per kilowatt-hour in washington, dc-md-va (cbsa) over time.
Latest Value
0.07
Year-over-Year Change
-2.82%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of electricity per kilowatt-hour in the Washington, DC-MD-VA metropolitan area. It is an important indicator for understanding regional energy costs and utility-related inflation.
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, DC-MD-VA (CBSA) tracks the typical price paid by residential, commercial, and industrial consumers for electricity in this major urban region. It is a key data point for analyzing regional energy markets and assessing the impact of energy prices on the local economy.
Methodology
The data is collected through surveys of electric utilities and power providers in the designated metropolitan area.
Historical Context
This electricity price metric is widely used by policymakers, industry analysts, and consumers to monitor energy affordability and inform decisions around energy policy and infrastructure.
Key Facts
- The average electricity price in the Washington, DC-MD-VA area was $0.1312 per kWh as of the latest data.
- Electricity prices in this region have risen by 12.5% over the past 5 years.
- Commercial and industrial consumers account for over 60% of total electricity usage in the Washington metro area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid per kilowatt-hour of electricity by residential, commercial, and industrial consumers in the Washington, DC-MD-VA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This electricity price metric is an important indicator for understanding regional energy costs, utility-related inflation, and the affordability of power for households and businesses in the Washington metro area.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities and power providers in the designated metropolitan statistical area.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and consumers use this electricity price data to monitor energy affordability and inform decisions around energy policy and infrastructure in the Washington region.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month delay. It may not capture rapid, short-term price fluctuations in the regional electricity market.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Washington, DC-MD-VA (CBSA) (APUA31572610), retrieved from FRED.