Average Price: Electricity per Kilowatt-Hour in Riverside-San Bernardino-Ontario, CA (CBSA)
This dataset tracks average price: electricity per kilowatt-hour in riverside-san bernardino-ontario, ca (cbsa) over time.
Latest Value
0.27
Year-over-Year Change
-2.15%
Date Range
1/1/2018 - 12/1/2024
Summary
This economic trend measures the average price of electricity per kilowatt-hour in the Riverside-San Bernardino-Ontario, CA metropolitan area. It provides valuable insights into energy costs and consumer spending in this important California 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 Riverside-San Bernardino-Ontario, CA (CBSA) metric tracks the average price paid by consumers for electricity usage in this California metropolitan statistical area. This data point is closely monitored by policymakers, utilities, and businesses to understand regional energy market dynamics.
Methodology
The data is collected through surveys of electric utilities serving the Riverside-San Bernardino-Ontario region.
Historical Context
This electricity price trend helps inform decisions around energy policy, infrastructure investment, and consumer affordability in the local market.
Key Facts
- Riverside-San Bernardino-Ontario is the 13th largest metropolitan area in the United States.
- Electricity accounts for a significant portion of household budgets in this region.
- Tracking electricity prices helps policymakers understand cost-of-living trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid per kilowatt-hour of electricity by consumers in the Riverside-San Bernardino-Ontario, CA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding regional energy costs, consumer spending, and the overall cost of living in this major California market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities serving the Riverside-San Bernardino-Ontario region.
Q: How is this trend used in economic policy?
A: Policymakers, utilities, and businesses use this electricity price trend to inform decisions around energy policy, infrastructure investment, and consumer affordability.
Q: Are there update delays or limitations?
A: There may be a short delay in data reporting, and the metric only covers the Riverside-San Bernardino-Ontario metropolitan area.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Riverside-San Bernardino-Ontario, CA (CBSA) (APUS49C72610), retrieved from FRED.