Average Price: Electricity per 500 Kilowatt-Hour in Washington-Arlington-Alexandria, DC-VA-MD-WV (CBSA)
APUS35A72621 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.62
Year-over-Year Change
-0.50%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of electricity per 500 kilowatt-hour in the Washington-Arlington-Alexandria metropolitan area. It provides insight into regional energy costs, which are an important factor for businesses and households.
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 Washington-Arlington-Alexandria, DC-VA-MD-WV (CBSA) tracks the typical cost of residential electricity consumption in this major urban region. This data point is used by economists and policymakers to analyze regional energy price dynamics and their impact on the local economy.
Methodology
The data is collected through surveys of electric utility companies serving the metropolitan area.
Historical Context
Electricity prices are a key consideration for businesses and households when making economic decisions, so this trend is closely monitored by market analysts.
Key Facts
- Electricity is a major household and business expense.
- Prices can vary significantly by geographic region.
- This trend provides a benchmark for the Washington metro area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of electricity per 500 kilowatt-hour for residential consumers in the Washington-Arlington-Alexandria metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are an important input for businesses and households, so this regional data point is closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utility companies serving the Washington-Arlington-Alexandria metropolitan area.
Q: How is this trend used in economic policy?
A: Electricity prices are a key consideration for businesses and households when making economic decisions, so this trend is used by policymakers to analyze regional energy cost dynamics.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be some delay in reporting from utility providers.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in Washington-Arlington-Alexandria, DC-VA-MD-WV (CBSA) (APUS35A72621), retrieved from FRED.