Average Price: Electricity per 500 Kilowatt-Hour in New York-Newark-Jersey City, NY-NJ-PA (CBSA)
APUS12A72621 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.49
Year-over-Year Change
0.19%
Date Range
11/1/1978 - 6/1/2013
Summary
This economic trend measures the average price of electricity per 500 kilowatt-hour in the New York-Newark-Jersey City metropolitan area. It provides insight into energy costs for households and businesses in a major U.S. economic 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 500 Kilowatt-Hour in New York-Newark-Jersey City, NY-NJ-PA (CBSA) series tracks the average cost of electricity for residential and commercial consumers in this large metropolitan area. This data point is used by economists and policymakers to analyze regional energy price trends and their impact on the local economy.
Methodology
The U.S. Energy Information Administration collects this data through surveys of electric utility companies.
Historical Context
Electricity prices are a key input for assessing regional economic conditions and cost of living.
Key Facts
- Electricity prices in the New York metro area are among the highest in the U.S.
- This data series dates back to 1990, providing long-term historical context.
- Electricity is a major household and business expense in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of electricity per 500 kilowatt-hour for residential and commercial consumers in the New York-Newark-Jersey City metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are a key economic indicator, providing insight into energy costs and their impact on households and businesses in a major U.S. region.
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: Policymakers and analysts use this data to assess regional economic conditions, cost of living, and the competitiveness of the New York metro area.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, providing timely information on electricity price trends.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in New York-Newark-Jersey City, NY-NJ-PA (CBSA) (APUS12A72621), retrieved from FRED.