Average Price: Electricity per Kilowatt-Hour in New York-Newark-Jersey City, NY-NJ-PA (CBSA)
APUS12A72610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.27
Year-over-Year Change
12.86%
Date Range
11/1/1978 - 12/1/2024
Summary
This economic trend measures the average price of electricity per kilowatt-hour in the New York-Newark-Jersey City metropolitan area. Tracking electricity prices is crucial for understanding energy costs and the impact on consumers and businesses.
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 New York-Newark-Jersey City, NY-NJ-PA (CBSA) trend represents the average retail price paid by consumers for electricity in this major urban region. This metric is widely used by policymakers, researchers, and industry analysts to assess energy price dynamics and the cost of living.
Methodology
The data is collected through surveys of electric utilities by the U.S. Energy Information Administration.
Historical Context
Electricity price trends inform decisions around energy policy, infrastructure investment, and consumer budgeting.
Key Facts
- New York-Newark-Jersey City is the largest metropolitan area in the U.S.
- Electricity accounts for a significant portion of household and business budgets.
- Prices can fluctuate due to factors like fuel costs, weather, and policy changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per kilowatt-hour paid by consumers in the New York-Newark-Jersey City metropolitan region.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are a key component of the cost of living and operating businesses in the New York metro area, making this trend important for policymakers, consumers, and economic analysts.
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: Electricity price trends inform decisions around energy policy, infrastructure investment, and consumer budgeting at the local and regional level.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may not capture all electricity providers in the region.
Related Trends
Average Price: Potatoes, White (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400712112
Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA)
APUS35B74715
Average Price: Beans, Dried, Any Type, All Sizes (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300714233
Average Price: Utility (Piped) Gas per Therm in the Midwest Census Region - Urban
APU020072620
PADD II (Midwest District) Midgrade Reformulated Gas Price
GASMIDREFMWW
PADD V (West Coast District) All Grades Conventional Gas Price
GASALLCOVWCW
Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in New York-Newark-Jersey City, NY-NJ-PA (CBSA) (APUS12A72610), retrieved from FRED.