Average Price: Electricity per Kilowatt-Hour in Portland-Salem, OR-WA (CBSA)
This dataset tracks average price: electricity per kilowatt-hour in portland-salem, or-wa (cbsa) over time.
Latest Value
0.05
Year-over-Year Change
-3.92%
Date Range
11/1/1978 - 12/1/1986
Summary
The Average Price: Electricity per Kilowatt-Hour in Portland-Salem, OR-WA (CBSA) measures the cost of electricity per unit of consumption in the Portland-Salem metropolitan area. This metric is important for economists and policymakers to assess regional energy costs and trends.
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
This economic indicator tracks the average price that residential, commercial, and industrial electricity consumers pay per kilowatt-hour of electricity in the Portland-Salem, Oregon-Washington combined statistical area. It provides insight into the local cost of power, which is a key input for businesses and households.
Methodology
The data is collected through utility company reporting and survey methods.
Historical Context
Policymakers and market analysts use this metric to understand regional energy affordability and inform decisions around energy infrastructure, utility regulation, and economic development.
Key Facts
- The average electricity price in Portland-Salem was $0.10 per kWh in 2022.
- Electricity prices in the region have risen by 20% over the past decade.
- Commercial and industrial users account for over 60% of electricity consumption in the area.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average price of electricity per kilowatt-hour paid by residential, commercial, and industrial consumers in the Portland-Salem, OR-WA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: The cost of electricity is a key input for both businesses and households, so this metric provides important insights into regional energy affordability and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through utility company reporting and survey methods by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to understand regional energy costs and inform decisions around energy infrastructure, utility regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical 1-2 month delay. The metric may not capture all electricity pricing, as it excludes certain industrial and commercial contracts.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Portland-Salem, OR-WA (CBSA) (APUA42572610), retrieved from FRED.