Average Price: Electricity per Kilowatt-Hour in Los Angeles-Long Beach-Anaheim, CA (CBSA)
This dataset tracks average price: electricity per kilowatt-hour in los angeles-long beach-anaheim, ca (cbsa) over time.
Latest Value
0.29
Year-over-Year Change
-0.69%
Date Range
11/1/1978 - 12/1/2024
Summary
The 'Average Price: Electricity per Kilowatt-Hour in Los Angeles-Long Beach-Anaheim, CA (CBSA)' trend measures the average retail price of electricity per kilowatt-hour for residential consumers in the Los Angeles metropolitan area. This metric is important for understanding consumer energy costs and utility pricing dynamics.
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 series tracks the average retail price of electricity paid by residential consumers in the Los Angeles-Long Beach-Anaheim, CA Combined Statistical Area. It is a key indicator of regional energy costs and can provide insights into factors influencing residential electricity rates, such as fuel prices, regulation, and utility practices.
Methodology
The data is collected through surveys of electric utilities and compiled by the U.S. Energy Information Administration.
Historical Context
This trend is used by policymakers, economists, and consumers to monitor changes in household electricity expenses and assess the affordability of residential power in the Los Angeles metro area.
Key Facts
- The average electricity price in Los Angeles was $0.18 per kWh as of the latest data.
- Electricity prices in Los Angeles have increased by 20% over the past 10 years.
- Residential electricity accounts for about 35% of total electricity consumption in the Los Angeles metro area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per kilowatt-hour paid by residential consumers in the Los Angeles-Long Beach-Anaheim, CA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding regional energy costs and assessing the affordability of residential electricity for consumers in the Los Angeles metro area.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities and compiled by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and consumers to monitor changes in household electricity expenses and assess the affordability of residential power in the Los Angeles metro area.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month lag, and may be subject to minor revisions over time.
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Citation
U.S. Energy Information Administration, Average Price: Electricity per Kilowatt-Hour in Los Angeles-Long Beach-Anaheim, CA (CBSA) (APUS49A72610), retrieved from FRED.