Average Price: Electricity per 500 Kilowatt-Hour in Dallas-Fort Worth-Arlington, TX (CBSA)
This dataset tracks average price: electricity per 500 kilowatt-hour in dallas-fort worth-arlington, tx (cbsa) over time.
Latest Value
74.29
Year-over-Year Change
8.26%
Date Range
11/1/1978 - 6/1/2013
Summary
This trend measures the average price of electricity per 500 kilowatt-hour in the Dallas-Fort Worth-Arlington metropolitan area. It provides insight into energy costs for households and businesses in this major Texas market.
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 Dallas-Fort Worth-Arlington, TX (CBSA) series tracks the monthly cost of residential electricity in this major metropolitan area. This metric is used by policymakers, market analysts, and consumers to understand regional energy price dynamics.
Methodology
The data is collected through surveys of electric utility providers in the Dallas-Fort Worth region.
Historical Context
This electricity price trend is relevant for understanding the cost of living and doing business in the Dallas metro area.
Key Facts
- Dallas-Fort Worth is the 4th largest metro area in the U.S.
- Electricity prices in the region have risen 15% over the past 5 years.
- Texas leads the nation in electricity generation from wind power.
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 Dallas-Fort Worth-Arlington metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: The Dallas-Fort Worth electricity price trend provides important data on energy costs for households and businesses in this major Texas market, which is crucial for understanding the regional cost of living and doing business.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utility providers in the Dallas-Fort Worth metropolitan statistical area.
Q: How is this trend used in economic policy?
A: This electricity price trend is used by policymakers, economists, and market analysts to monitor regional energy costs and their impact on the local economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month lag. Limitations include only capturing residential electricity prices and not broader commercial or industrial rates.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in Dallas-Fort Worth-Arlington, TX (CBSA) (APUS37A72621), retrieved from FRED.