Average Price: Electricity per 500 Kilowatt-Hour in the South Census Region - Urban
APU030072621 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.96
Year-over-Year Change
0.79%
Date Range
11/1/1978 - 6/1/2013
Summary
This economic trend measures the average price per 500 kilowatt-hour of electricity in the urban areas of the South Census Region. It provides insight into regional energy costs, which are important for household budgets and business operations.
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 500 Kilowatt-Hour in the South Census Region - Urban is a key indicator of residential electricity prices in a major U.S. region. It is used by policymakers, analysts, and consumers to understand regional variations in energy costs and the relative affordability of electricity.
Methodology
The data is collected through surveys of electric utilities by the U.S. Energy Information Administration.
Historical Context
Electricity prices influence household spending, business decisions, and broader economic conditions, making this trend relevant for market analysis and policy discussions.
Key Facts
- The South Census Region includes 16 states, including Texas, Florida, and Georgia.
- Electricity accounts for about 2.5% of total household expenditures on average.
- Residential electricity prices have risen by over 50% in the South since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per 500 kilowatt-hour of electricity for residential consumers in the urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are a key component of household budgets and business operating costs, making this regional price trend important for understanding cost-of-living and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of electric utilities conducted by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this regional electricity price trend to assess energy affordability, guide utility regulation, and evaluate the economic impacts of changes in electricity costs.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month lag, and only covers urban areas within the South Census Region.
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Citation
U.S. Energy Information Administration, Average Price: Electricity per 500 Kilowatt-Hour in the South Census Region - Urban (APU030072621), retrieved from FRED.