Average Price: Electricity per Kilowatt-Hour in Los Angeles-Riverside-Orange County, CA (CBSA)
This dataset tracks average price: electricity per kilowatt-hour in los angeles-riverside-orange county, ca (cbsa) over time.
Latest Value
0.19
Year-over-Year Change
-1.58%
Date Range
11/1/1978 - 12/1/2017
Summary
This trend measures the average price of electricity per kilowatt-hour in the Los Angeles-Riverside-Orange County, CA metropolitan area. It is an important indicator for understanding energy costs and utility prices in a major U.S. urban 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 Los Angeles-Riverside-Orange County, CA trend represents the average retail price paid by consumers for electricity in this California metropolitan statistical area. It is used by policymakers, utilities, and economists to analyze regional energy markets and cost-of-living factors.
Methodology
The data is collected through surveys of electric utilities serving the Los Angeles region and calculated as a price per kilowatt-hour of delivered electricity.
Historical Context
This trend is closely watched by utility regulators, energy analysts, and local governments to monitor the affordability of electricity for residents and businesses.
Key Facts
- Los Angeles metro area has over 18 million residents.
- Electricity accounts for over 20% of average household utility costs.
- Prices have risen 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per kilowatt-hour paid by consumers in the Los Angeles-Riverside-Orange County, CA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of energy affordability and cost-of-living for residents and businesses in a major U.S. urban region. It is closely watched by policymakers, utilities, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities serving the Los Angeles region and calculated as an average price per kilowatt-hour of delivered electricity.
Q: How is this trend used in economic policy?
A: This trend is used by utility regulators, energy analysts, and local governments to monitor the affordability of electricity and make informed policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-month lag. There may be limitations in coverage for some smaller utility providers in the region.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Los Angeles-Riverside-Orange County, CA (CBSA) (APUA42172610), retrieved from FRED.