Average Price: Electricity per Kilowatt-Hour in San Francisco-Oakland-Hayward, CA (CBSA)
APUS49B72610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.37
Year-over-Year Change
5.71%
Date Range
11/1/1978 - 12/1/2024
Summary
This economic trend measures the average price of electricity per kilowatt-hour in the San Francisco-Oakland-Hayward, CA metropolitan area. It is a key indicator for understanding energy costs and consumer price dynamics in this major urban region.
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 San Francisco-Oakland-Hayward, CA (CBSA) trend represents the average retail price paid by residential and commercial consumers for electricity within this defined metropolitan statistical area. It is a widely tracked economic indicator for analyzing regional energy markets and cost-of-living factors.
Methodology
The data is collected through surveys of electricity providers and consumers within the San Francisco-Oakland-Hayward CBSA.
Historical Context
This economic indicator is closely monitored by policymakers, energy analysts, and businesses to assess regional market conditions and the impact of energy costs on households and the broader economy.
Key Facts
- San Francisco-Oakland-Hayward has the highest electricity prices of major U.S. metro areas.
- Electricity costs account for over 2% of the average household budget in this region.
- Prices have risen by 30% in the past decade due to increasing energy demand and regulatory changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per kilowatt-hour paid by residential and commercial consumers in the San Francisco-Oakland-Hayward, CA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by policymakers, businesses, and households to understand energy costs and their impact on the regional economy and cost of living.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electricity providers and consumers within the San Francisco-Oakland-Hayward CBSA.
Q: How is this trend used in economic policy?
A: This trend is used by economists, regulators, and energy analysts to assess market conditions, guide policy decisions, and understand the broader economic implications of electricity prices in the region.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month lag. Limitations include only covering the San Francisco-Oakland-Hayward CBSA and not granular pricing for different consumer segments.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in San Francisco-Oakland-Hayward, CA (CBSA) (APUS49B72610), retrieved from FRED.