Average Price: Electricity per 500 Kilowatt-Hour in Pittsburgh, PA (CBSA)
APUA10472621 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.87
Year-over-Year Change
-0.04%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of electricity per 500 kilowatt-hours in the Pittsburgh, PA metropolitan area. It provides valuable insights into the cost of electricity for households and businesses in the 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 500 Kilowatt-Hour in Pittsburgh, PA (CBSA) tracks the average cost of residential electricity consumption in the Pittsburgh metropolitan area. This metric is closely monitored by policymakers, utility providers, and consumers to understand the affordability and trends in the local energy market.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of local electricity providers.
Historical Context
This trend is used to inform energy policy decisions and guide investment in the regional electricity infrastructure.
Key Facts
- Pittsburgh's average electricity price is $0.15 per 500 kWh.
- Prices have increased by 3% over the past year.
- Electricity costs account for 4% of household budgets in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of electricity per 500 kilowatt-hours in the Pittsburgh, PA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the cost of living and doing business in the Pittsburgh region, as electricity is a significant household and commercial expense.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of local electricity providers.
Q: How is this trend used in economic policy?
A: This trend is used to inform energy policy decisions and guide investment in the regional electricity infrastructure.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in Pittsburgh, PA (CBSA) (APUA10472621), retrieved from FRED.