Average Price: Electricity per 500 Kilowatt-Hour in City - Size Class B
This dataset tracks average price: electricity per 500 kilowatt-hour in city - size class b over time.
Latest Value
48.15
Year-over-Year Change
0.91%
Date Range
1/1/1987 - 12/1/1997
Summary
The 'Average Price: Electricity per 500 Kilowatt-Hour in City - Size Class B' measures the average price of electricity for residential customers in mid-sized U.S. cities. This metric is a key indicator of energy costs and consumer utility prices.
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 series represents the average price paid per 500 kilowatt-hours of electricity for residential customers in U.S. cities with a population between 25,000 and 200,000. It serves as an important benchmark for analyzing energy affordability and the impacts of utility rate changes.
Methodology
The data is collected through surveys of electric utilities and compiled by the U.S. Energy Information Administration.
Historical Context
Policymakers and analysts use this metric to evaluate the state of residential electricity markets and assess the affordability of energy for households.
Key Facts
- The average U.S. residential electricity price was 13.72 cents per kilowatt-hour in 2020.
- Electricity prices vary significantly by region, with the Northeast having the highest rates.
- Residential electricity costs have risen by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid per 500 kilowatt-hours of electricity for residential customers in mid-sized U.S. cities.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important benchmark for analyzing energy affordability and the impacts of utility rate changes on households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities and compiled by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the state of residential electricity markets and assess the affordability of energy for households.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Energy Information Administration, Average Price: Electricity per 500 Kilowatt-Hour in City - Size Class B (APUB00072621), retrieved from FRED.