Average Price: Electricity per 500 Kilowatt-Hour in Houston-The Woodlands-Sugar Land, TX (CBSA)
This dataset tracks average price: electricity per 500 kilowatt-hour in houston-the woodlands-sugar land, tx (cbsa) over time.
Latest Value
70.80
Year-over-Year Change
-17.10%
Date Range
11/1/1978 - 6/1/2013
Summary
This economic trend measures the average price of electricity per 500 kilowatt-hour in the Houston-The Woodlands-Sugar Land, TX 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 electricity price trend tracks the typical cost paid by residential consumers in the Houston metro region for a standard 500 kilowatt-hour unit of electricity. This metric is widely used by policymakers, utilities, and economic analysts to assess regional energy market conditions and cost-of-living dynamics.
Methodology
The data is collected through surveys of local electricity providers and utilities.
Historical Context
This trend is relevant for understanding household budgets, regional competitiveness, and energy policy impacts.
Key Facts
- Houston metro area has over 7 million residents.
- Electricity is a major household expense in Texas.
- Prices vary significantly across U.S. metro regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by residential consumers for 500 kilowatt-hours of electricity in the Houston-The Woodlands-Sugar Land, TX metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into regional energy costs and consumer spending patterns, which are relevant for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local electricity providers and utilities in the Houston metropolitan area.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and market analysts to assess the cost-of-living, regional competitiveness, and the impacts of energy policies in the Houston metro area.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into local electricity price trends.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in Houston-The Woodlands-Sugar Land, TX (CBSA) (APUS37B72621), retrieved from FRED.