Average Price: Electricity per Kilowatt-Hour in Urban Alaska (CBSA)
This dataset tracks average price: electricity per kilowatt-hour in urban alaska (cbsa) over time.
Latest Value
0.24
Year-over-Year Change
15.24%
Date Range
11/1/1978 - 12/1/2024
Summary
This trend measures the average price of electricity per kilowatt-hour for urban areas in Alaska. It is an important indicator for understanding energy costs and consumption patterns in the state.
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 Urban Alaska (CBSA) tracks the average retail price of electricity for residential, commercial, and industrial consumers in urban areas across Alaska. This metric is used by policymakers, utilities, and consumers to monitor changes in energy costs and evaluate the impact on the state's economy.
Methodology
The data is collected through surveys of electric utilities and compiled by the U.S. Energy Information Administration.
Historical Context
This trend provides context for energy policy decisions and market analysis in Alaska.
Key Facts
- Alaska has the highest electricity prices in the U.S.
- Residential electricity prices in Alaska are over 3 times the national average.
- The state's remote location and reliance on imported fuels contribute to high energy costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per kilowatt-hour for residential, commercial, and industrial consumers in urban areas of Alaska.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding energy costs and consumption patterns in Alaska, which has the highest electricity prices in the United States.
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 provides crucial context for energy policy decisions and market analysis in Alaska, where high electricity prices significantly impact the state's economy.
Q: Are there update delays or limitations?
A: The data is updated monthly with a short delay, and may be subject to revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Urban Alaska (CBSA) (APUS49G72610), retrieved from FRED.