Average Price: Electricity per Kilowatt-Hour in the Midwest Census Region - Size Class D
This dataset tracks average price: electricity per kilowatt-hour in the midwest census region - size class d over time.
Latest Value
0.12
Year-over-Year Change
-0.85%
Date Range
11/1/1978 - 12/1/2017
Summary
This economic trend measures the average price of electricity per kilowatt-hour in the Midwest census region for size class D commercial and industrial users. It is an important indicator for understanding energy costs and usage patterns in the Midwest.
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 Kilowatt-Hour in the Midwest Census Region - Size Class D measures the average retail price paid by commercial and industrial consumers in the Midwest region for a standardized unit of electricity. This data is widely used by economists, policymakers, and energy analysts to study energy markets and inform policy decisions.
Methodology
The data is collected by the U.S. Energy Information Administration through surveys of electric utility companies.
Historical Context
This trend provides key insights into energy price dynamics that impact business and consumer behavior in the Midwest region.
Key Facts
- The Midwest census region includes 12 states in the central U.S.
- Size class D represents commercial and industrial consumers using over 1,000 kilowatt-hours per month.
- Electricity prices vary significantly by region and consumer type in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per kilowatt-hour paid by commercial and industrial consumers in the Midwest census region, specifically for size class D customers using over 1,000 kWh per month.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into energy costs and usage patterns in the Midwest, which is crucial for understanding the region's economic activity and informing energy policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through surveys of electric utility companies.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and energy analysts to study energy markets and inform policy decisions that impact business and consumer behavior in the Midwest region.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month lag, and may be subject to revisions based on updated utility company reporting.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in the Midwest Census Region - Size Class D (APUD20072610), retrieved from FRED.