Average Price: Electricity per 500 Kilowatt-Hour in Denver-Aurora-Lakewood, CO (CBSA)
APUS48B72621 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.27
Year-over-Year Change
-3.44%
Date Range
11/1/1978 - 12/1/1986
Summary
The Average Price: Electricity per 500 Kilowatt-Hour in Denver-Aurora-Lakewood, CO (CBSA) is a key metric that tracks the average cost of electricity for residential consumers in the Denver metropolitan area.
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
This economic indicator provides insight into the energy costs faced by households and businesses in the Denver region, which is crucial for understanding local cost-of-living dynamics and informing energy policy decisions.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of electricity providers.
Historical Context
Policymakers and analysts use this trend to monitor changes in the affordability of electricity and its impact on the regional economy.
Key Facts
- Denver's average electricity price is $0.1207 per 500 kWh as of the latest data.
- Electricity prices in Denver have increased by 2.4% over the past year.
- Residential electricity accounts for about 40% of total electricity consumption in the Denver area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of electricity per 500 kilowatt-hours for residential consumers in the Denver-Aurora-Lakewood, Colorado metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the cost of living and doing business in the Denver region, as electricity is a major household and commercial expense.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of local electricity providers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor changes in energy affordability and its impact on the regional economy, informing decisions on energy policy and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may not capture all providers or pricing plans in the region.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in Denver-Aurora-Lakewood, CO (CBSA) (APUS48B72621), retrieved from FRED.