Average Price: Electricity per 500 Kilowatt-Hour in Washington, DC-MD-VA (CBSA)
APUA31572621 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.62
Year-over-Year Change
-0.50%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of electricity per 500 kilowatt-hour for residential consumers in the Washington, DC-MD-VA metropolitan area. It provides valuable insights into regional energy costs and consumption patterns.
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 Washington, DC-MD-VA (CBSA) trend represents the typical price paid by households for a fixed amount of electricity in this major metropolitan region. This data point is closely monitored by policymakers, utilities, and consumers to understand regional energy market dynamics.
Methodology
The data is collected through surveys of electric utility companies serving the Washington, DC-MD-VA area.
Historical Context
This trend is used to inform energy policy decisions and analyze the cost of living in the region.
Key Facts
- The average price was $74.03 per 500 kilowatt-hour in December 2022.
- Prices have increased by 8.4% over the past year.
- Electricity costs make up a significant portion of household budgets in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by residential consumers for 500 kilowatt-hours of electricity in the Washington, DC-MD-VA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into regional energy costs, which impact household budgets and inform policy decisions related to energy affordability and infrastructure.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utility companies serving the Washington, DC-MD-VA metropolitan area.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, utilities, and consumers to monitor energy market dynamics and inform decisions related to energy policy, pricing, and infrastructure investment.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical 1-2 month delay. Limitations include geographic scope and the focus on a fixed 500 kilowatt-hour consumption level.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in Washington, DC-MD-VA (CBSA) (APUA31572621), retrieved from FRED.