Average Price: Electricity per Kilowatt-Hour in the Midwest Census Region - Size Class A
APUS20072610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
0.00%
Date Range
11/1/1978 - 12/1/2024
Summary
This trend measures the average price of electricity per kilowatt-hour in the Midwest Census Region for size class A, which includes utility companies that serve between 50,000 and 99,999 customers. It is a key indicator of energy costs and infrastructure in the Midwest.
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 of electricity is an important metric for understanding regional energy markets and the costs faced by both residential and commercial consumers. This particular series focuses on the Midwest region and a specific utility size class, providing granular insights for analysts and policymakers.
Methodology
The data is collected through surveys of electric utility companies by the U.S. Energy Information Administration.
Historical Context
Electricity prices influence economic activity, consumer spending, and policy decisions in the Midwest.
Key Facts
- The Midwest region includes 12 states, from Ohio to the Dakotas.
- Size class A utilities serve between 50,000 and 99,999 customers.
- Electricity prices can impact business investment and household budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of electricity per kilowatt-hour for size class A utility companies in the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are a key input for understanding regional economic activity, consumer spending, and policy decisions in the Midwest.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utility companies by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor energy costs, infrastructure investment, and the competitiveness of Midwest businesses.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month lag between the reference period and public release.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in the Midwest Census Region - Size Class A (APUS20072610), retrieved from FRED.