Average Price: Electricity per 500 Kilowatt-Hour in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA)
This dataset tracks average price: electricity per 500 kilowatt-hour in philadelphia-camden-wilmington, pa-nj-de-md (cbsa) over time.
Latest Value
82.23
Year-over-Year Change
-3.05%
Date Range
11/1/1978 - 6/1/2013
Summary
This economic trend measures the average price of electricity per 500 kilowatt-hour in the Philadelphia-Camden-Wilmington metropolitan area. It provides important insights into regional energy costs and consumption patterns.
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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) tracks the average cost of electricity for residential and commercial consumers in this major metropolitan region. This data point is widely used by policymakers, utilities, and economic analysts to understand regional energy markets and the cost of living.
Methodology
The data is collected through surveys of local electricity providers and utility companies.
Historical Context
This trend is crucial for assessing the affordability of energy and its impact on the regional economy.
Key Facts
- Electricity prices in Philadelphia-Camden-Wilmington are higher than the national average.
- Residential consumers account for the majority of electricity usage in the region.
- Energy costs are a significant factor in the overall cost of living in the metropolitan area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of electricity per 500 kilowatt-hour for consumers in the Philadelphia-Camden-Wilmington metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into regional energy costs and consumption patterns, which are crucial for understanding the cost of living and the affordability of energy in the Philadelphia-Camden-Wilmington metropolitan area.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local electricity providers and utility companies.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, utilities, and economic analysts to assess the affordability of energy and its impact on the regional economy.
Q: Are there update delays or limitations?
A: There may be occasional delays in data updates, and the trend may not fully capture all variations in electricity pricing across the diverse metropolitan region.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) (APUS12B72621), retrieved from FRED.