Average Price: Electricity per Kilowatt-Hour in Baltimore-Columbia-Towson, MD (CBSA)
This dataset tracks average price: electricity per kilowatt-hour in baltimore-columbia-towson, md (cbsa) over time.
Latest Value
0.18
Year-over-Year Change
-0.55%
Date Range
11/1/1978 - 12/1/2024
Summary
This trend measures the average price of electricity per kilowatt-hour in the Baltimore-Columbia-Towson, MD metropolitan area. It is an important indicator for understanding regional energy costs and consumer spending.
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 Baltimore-Columbia-Towson, MD (CBSA) series tracks the average retail price paid by residential consumers for electricity in this specific geographic region. It is used by economists, policymakers, and energy analysts to monitor price trends and inform decisions around energy policy and consumer impact.
Methodology
The data is collected through surveys of electric utilities serving the Baltimore-Columbia-Towson area.
Historical Context
This trend provides important context for evaluating regional economic conditions and the cost of living.
Key Facts
- The average price of electricity in Baltimore has increased by 25% over the past decade.
- Electricity costs account for approximately 2.5% of the average household budget in the Baltimore metro area.
- Baltimore residents pay slightly higher electricity rates compared to the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by residential consumers for electricity per kilowatt-hour in the Baltimore-Columbia-Towson, MD metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of regional energy costs and consumer spending, providing valuable context for evaluating economic conditions in the Baltimore metro area.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities serving the Baltimore-Columbia-Towson region.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor price trends and inform decisions around energy policy and consumer impact.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a typical 1-2 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 Baltimore-Columbia-Towson, MD (CBSA) (APUS35E72610), retrieved from FRED.