Average Price: Electricity per Kilowatt-Hour in the Midwest Census Region - Size Class B/C
This dataset tracks average price: electricity per kilowatt-hour in the midwest census region - size class b/c over time.
Latest Value
0.15
Year-over-Year Change
3.42%
Date Range
1/1/1998 - 12/1/2024
Summary
This economic trend tracks the average price of electricity per kilowatt-hour in the Midwest Census Region for commercial and industrial consumers (size classes B and C).
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 B/C metric provides insights into energy costs for medium-sized and larger businesses in the Midwest. It is a key indicator for analyzing regional energy market dynamics and assessing economic competitiveness.
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 understand energy price pressures and their potential impacts.
Key Facts
- Electricity prices in the Midwest are typically lower than the national average.
- Size Class B/C covers medium to large commercial and industrial consumers.
- Trends in this metric can signal changes in regional economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average price of electricity per kilowatt-hour paid by medium-sized and larger commercial and industrial consumers in the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into regional energy market conditions and the cost pressures facing businesses in the Midwest, which can impact their economic competitiveness.
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, businesses, and market analysts closely monitor this trend to understand energy price dynamics and their potential impacts on the regional economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some lag in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in the Midwest Census Region - Size Class B/C (APUN20072610), retrieved from FRED.