Average Price: Electricity per 500 Kilowatt-Hour in Size Class D
This dataset tracks average price: electricity per 500 kilowatt-hour in size class d over time.
Latest Value
63.03
Year-over-Year Change
3.29%
Date Range
1/1/1987 - 6/1/2013
Summary
This economic trend measures the average price of electricity per 500 kilowatt-hours for consumers in size class D, which includes commercial and industrial users. It provides insight into the cost of a key utility for businesses and industries.
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 Size Class D trend tracks the average retail price of electricity for commercial and industrial consumers who use 500 kilowatt-hours per month. This metric is an important indicator of energy costs for a significant segment of the U.S. economy.
Methodology
The data is collected through surveys of electric utilities by the U.S. Energy Information Administration.
Historical Context
This trend is closely monitored by policymakers, businesses, and market analysts to assess energy costs and their impact on the broader economy.
Key Facts
- The average price of electricity per 500 kWh for size class D consumers was $58.58 in 2022.
- Electricity prices for commercial and industrial users have risen by over 20% since 2020.
- Size class D accounts for approximately 60% of total U.S. electricity consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per 500 kilowatt-hours for commercial and industrial consumers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into energy costs for a significant portion of the U.S. economy, which can impact business operations, investment, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities conducted by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this trend to assess the impact of energy costs on the commercial and industrial sectors, and to inform decisions related to energy policy and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month delay. There may be limitations in capturing the full diversity of commercial and industrial electricity users.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in Size Class D (APUD00072621), retrieved from FRED.