Average Price: Electricity per Kilowatt-Hour in Boston-Cambridge-Newton, MA-NH (CBSA)
APUS11A72610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.31
Year-over-Year Change
7.02%
Date Range
11/1/1978 - 12/1/2024
Summary
This trend measures the average price of electricity per kilowatt-hour in the Boston-Cambridge-Newton, MA-NH metropolitan area. It is a key indicator of residential and commercial electricity costs for the 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 Kilowatt-Hour in Boston-Cambridge-Newton, MA-NH (CBSA) trend represents the average cost per unit of electricity consumed by households and businesses in this major urban area. It is widely used by economists, policymakers, and energy analysts to assess regional energy price dynamics.
Methodology
The data is collected through surveys of electric utility companies serving the Boston metropolitan area.
Historical Context
This economic indicator is relevant for understanding the cost of living, business operating expenses, and the competitiveness of the regional economy.
Key Facts
- Electricity prices in Boston are typically higher than the national average.
- Commercial and industrial users account for over 60% of electricity consumption in the region.
- Electricity costs are a significant factor in the cost of living and doing business in the Boston metro area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of electricity per kilowatt-hour paid by residential, commercial, and industrial consumers in the Boston-Cambridge-Newton, MA-NH metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of energy costs and the cost of living in the Boston region, which is relevant for both consumers and businesses operating in the area.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utility companies serving the Boston metropolitan area.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and energy analysts to assess regional energy price dynamics and its impact on the competitiveness of the Boston economy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into electricity price trends in the Boston metropolitan area.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Boston-Cambridge-Newton, MA-NH (CBSA) (APUS11A72610), retrieved from FRED.