Average Price: Electricity per Kilowatt-Hour in Phoenix-Mesa-Scottsdale, AZ (CBSA)
APUS48A72610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
6.04%
Date Range
1/1/2018 - 12/1/2024
Summary
This economic trend measures the average price of electricity per kilowatt-hour in the Phoenix-Mesa-Scottsdale, AZ metropolitan area. It is an important indicator of local energy costs and a key input for economic analysis and policy decisions.
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 Phoenix-Mesa-Scottsdale, AZ (CBSA) tracks the average retail price of residential electricity in this major metropolitan region. This data point is widely used by economists, policymakers, and energy analysts to understand regional energy market dynamics and their impact on households and businesses.
Methodology
The data is collected through surveys of local electricity providers by the U.S. Energy Information Administration.
Historical Context
This electricity price trend informs energy and economic policy discussions at the local and national level.
Key Facts
- Phoenix-Mesa-Scottsdale has a population of over 4.8 million.
- Electricity prices can impact local business competitiveness.
- Residential electricity accounts for over 37% of total electricity use in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of residential electricity per kilowatt-hour in the Phoenix-Mesa-Scottsdale, AZ metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This electricity price data is important for understanding regional energy market dynamics and their impact on households and businesses in the Phoenix metro area.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local electricity providers by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This electricity price trend informs energy and economic policy discussions at the local and national level.
Q: Are there update delays or limitations?
A: The data is updated monthly with a 2-month lag.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Phoenix-Mesa-Scottsdale, AZ (CBSA) (APUS48A72610), retrieved from FRED.