Average Price: Electricity per 500 Kilowatt-Hour in the Northeast Census Region - Size Class C
APUC10072621 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.42
Year-over-Year Change
-0.57%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of electricity per 500 kilowatt-hour in the Northeast Census Region for commercial customers. It provides key insights into the cost of electricity for businesses in this 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 500 Kilowatt-Hour in the Northeast Census Region - Size Class C trend represents the average price paid per 500 kilowatt-hour of electricity by commercial customers in the Northeastern United States. This metric is used by economists and policymakers to analyze regional electricity market conditions and the costs faced by businesses.
Methodology
The data is collected through surveys of electric utility companies by the U.S. Energy Information Administration.
Historical Context
This trend is closely monitored by economists, businesses, and policymakers to understand regional energy costs and their impact on the commercial sector.
Key Facts
- The Northeast has the highest average commercial electricity prices in the U.S.
- Electricity costs can significantly impact profit margins for businesses.
- Commercial customers account for about 65% of total U.S. electricity consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid per 500 kilowatt-hour of electricity by commercial customers in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the energy costs faced by businesses in the Northeast, which can significantly impact their operations and profitability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utility companies by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and businesses to understand regional energy costs and their impact on the commercial sector.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in the Northeast Census Region - Size Class C (APUC10072621), retrieved from FRED.