Average Price: Electricity per 500 Kilowatt-Hour in City - Size Class C
APUC00072621 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.11
Year-over-Year Change
-9.78%
Date Range
1/1/1987 - 12/1/1997
Summary
This economic trend measures the average price of electricity per 500 kilowatt-hours in U.S. cities with a population over 250,000, providing insights into energy costs for consumers and businesses.
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 City - Size Class C trend represents the average cost of residential electricity consumption in large U.S. cities. It is a key indicator for policymakers and analysts to understand energy price dynamics and the impact on household budgets and commercial operations.
Methodology
The data is collected through surveys of electric utilities and compiled by the U.S. Energy Information Administration.
Historical Context
This trend is widely used to inform energy policy decisions and assess the state of the electricity market.
Key Facts
- Electricity prices vary significantly across different U.S. city sizes.
- Residential electricity consumption accounts for over one-third of total U.S. electricity use.
- The average U.S. household spends around $1,500 annually on electricity bills.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of electricity per 500 kilowatt-hours in large U.S. cities with a population over 250,000.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into energy costs for households and businesses, which is crucial for understanding inflation, consumer spending, and the overall health of the electricity market.
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: This trend is widely used by policymakers, economists, and market analysts to inform energy policy decisions and assess the state of the electricity market.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a typical 1-2 month delay. Limitations include only capturing large city prices and not reflecting regional or rural electricity cost variations.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in City - Size Class C (APUC00072621), retrieved from FRED.