Average Price: Electricity per 500 Kilowatt-Hour in the Midwest Census Region - Size Class D
This dataset tracks average price: electricity per 500 kilowatt-hour in the midwest census region - size class d over time.
Latest Value
65.44
Year-over-Year Change
2.35%
Date Range
11/1/1978 - 6/1/2013
Summary
This trend measures the average price of electricity per 500 kilowatt-hour in the Midwest census region for commercial consumers in size class D, which includes businesses with sales of $250,000 to $2.5 million. This metric is crucial for understanding energy costs and affordability for mid-sized firms 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 of electricity is a key economic indicator that reflects the costs faced by commercial and industrial consumers. This data series provides a granular view of electricity pricing for a specific consumer segment in the Midwest region, which is valuable for analyzing regional energy market dynamics and the operating environment for medium-sized businesses.
Methodology
The data is collected through surveys of electric utilities by the U.S. Energy Information Administration.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and affordability of electricity markets for commercial entities in the Midwest.
Key Facts
- The Midwest census region includes 12 states.
- Size class D covers mid-sized businesses with annual sales of $250,000 to $2.5 million.
- Electricity accounts for a significant portion of operating costs for many commercial enterprises.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of electricity per 500 kilowatt-hour for commercial consumers in size class D (mid-sized businesses) located in the Midwest census region.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding energy costs and affordability for mid-sized firms in the Midwest, which is valuable for analyzing regional energy market dynamics and the operating environment for commercial entities.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the competitiveness and affordability of electricity markets for commercial entities in the Midwest.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the survey coverage may not capture all commercial electricity consumers in the region.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in the Midwest Census Region - Size Class D (APUD20072621), retrieved from FRED.