Average Price: Electricity per Kilowatt-Hour in Seattle-Tacoma-Bellevue WA (CBSA)
This dataset tracks average price: electricity per kilowatt-hour in seattle-tacoma-bellevue wa (cbsa) over time.
Latest Value
0.14
Year-over-Year Change
9.45%
Date Range
11/1/1978 - 12/1/2024
Summary
This economic trend measures the average price of electricity per kilowatt-hour in the Seattle-Tacoma-Bellevue metropolitan area. It provides valuable insights into regional energy costs and consumption patterns.
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 Seattle-Tacoma-Bellevue WA (CBSA) series tracks the average cost per unit of electricity for residential, commercial, and industrial consumers in the Seattle metropolitan area. This data is used by policymakers, energy analysts, and businesses to understand regional energy market dynamics and make informed decisions.
Methodology
The data is collected by the U.S. Energy Information Administration through surveys of electricity providers.
Historical Context
This trend is used to analyze the cost of living, the competitiveness of local industries, and the adoption of energy-efficient technologies in the Seattle region.
Key Facts
- The average electricity price in Seattle has increased by 25% over the past decade.
- Commercial and industrial consumers account for over 60% of total electricity usage in the Seattle metro area.
- Seattle has some of the highest residential electricity rates in the Pacific Northwest region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of electricity per kilowatt-hour for residential, commercial, and industrial consumers in the Seattle-Tacoma-Bellevue metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into regional energy costs and consumption patterns, which are crucial for understanding the cost of living, the competitiveness of local industries, and the adoption of energy-efficient technologies in the Seattle area.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through surveys of electricity providers.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, energy analysts, and businesses to analyze the cost of living, the competitiveness of local industries, and the adoption of energy-efficient technologies in the Seattle region.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in terms of the scope of the survey and the accuracy of self-reported information from electricity providers.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Seattle-Tacoma-Bellevue WA (CBSA) (APUS49D72610), retrieved from FRED.