Average Price: Electricity per Kilowatt-Hour in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA)
APUS12B72610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
7.37%
Date Range
11/1/1978 - 12/1/2024
Summary
This economic trend measures the average price of electricity per kilowatt-hour in the Philadelphia-Camden-Wilmington metropolitan area. It provides important insights into regional energy costs and consumer spending 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) series tracks the average retail price paid by residential, commercial, and industrial consumers for electricity in this major metropolitan region. It is a key indicator for understanding regional energy markets and the cost of living.
Methodology
The data is collected through surveys of electric utility companies by the U.S. Energy Information Administration.
Historical Context
This trend is closely monitored by policymakers, businesses, and consumers to assess the affordability of electricity and its impact on the regional economy.
Key Facts
- Electricity prices in the Philadelphia metro area were 13.7 cents per kWh as of the latest data.
- Prices have increased by 2.4% over the past year.
- Commercial and industrial users pay lower rates than residential consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per kilowatt-hour paid by residential, commercial, and industrial consumers in the Philadelphia-Camden-Wilmington metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the affordability of electricity and its impact on the cost of living and doing business in the Philadelphia region. It is closely monitored by policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utility companies by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the state of regional energy markets and the cost of living, which informs decisions around energy policy, infrastructure investments, and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month delay. The trend may not capture rapid short-term fluctuations in electricity prices.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) (APUS12B72610), retrieved from FRED.