Average Price: Electricity per 500 Kilowatt-Hour in Baltimore, MD (CBSA)
APUA31772621 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.76
Year-over-Year Change
-0.23%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of electricity per 500 kilowatt-hours in the Baltimore, MD metropolitan area. It is a key indicator of utility costs and consumer spending 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 Baltimore, MD (CBSA) series tracks the average price that residential consumers pay for 500 units of electricity in the Baltimore metropolitan statistical area. This metric is used to analyze trends in household energy expenses and broader cost-of-living dynamics.
Methodology
The data is collected through surveys of electric utility providers in the Baltimore metro region.
Historical Context
This electricity price trend is relevant for policymakers, consumers, and businesses analyzing regional economic conditions and the impact of utility costs.
Key Facts
- Baltimore's electricity prices averaged $75.23 per 500 kWh in 2022.
- Prices have risen 7.8% over the past 5 years in the Baltimore metro area.
- Electricity accounts for over 2% of typical household expenditures in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price that residential consumers in the Baltimore, MD metropolitan area pay for 500 kilowatt-hours of electricity.
Q: Why is this trend relevant for users or analysts?
A: The electricity price trend is an important indicator of household utility costs and broader cost-of-living dynamics in the Baltimore region, relevant for consumers, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utility providers in the Baltimore metropolitan statistical area.
Q: How is this trend used in economic policy?
A: This electricity price trend is used by economists, policymakers, and market analysts to monitor regional cost pressures, consumer spending, and the impact of utility rates on the local economy.
Q: Are there update delays or limitations?
A: The electricity price data is published with a 1-2 month lag and may not fully capture short-term price volatility in the market.
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Citation
U.S. Federal Reserve, Average Price: Electricity per 500 Kilowatt-Hour in Baltimore, MD (CBSA) (APUA31772621), retrieved from FRED.