Average Price: Electricity per Kilowatt-Hour in Houston-The Woodlands-Sugar Land, TX (CBSA)
APUS37B72610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.17
Year-over-Year Change
-4.49%
Date Range
11/1/1978 - 12/1/2024
Summary
This trend measures the average price of electricity per kilowatt-hour in the Houston-The Woodlands-Sugar Land, TX metropolitan area. It is an important economic indicator for understanding household energy costs and the local cost of living.
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 of electricity per kilowatt-hour is a key metric for analyzing residential energy expenses and the overall cost of living in a specific geographic region. This data series provides insight into power rates for consumers in the Houston metropolitan area.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of the Consumer Price Index program.
Historical Context
Electricity prices are monitored by policymakers, urban planners, and market analysts to assess economic conditions and the impact on household budgets.
Key Facts
- Houston has the 4th largest metropolitan population in the U.S.
- Electricity is a major household expense for Houston residents.
- Electricity prices in Houston have risen by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of electricity per kilowatt-hour for residential consumers in the Houston-The Woodlands-Sugar Land, TX metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Electricity prices are a critical component of the cost of living and a key indicator of economic conditions for households in the Houston region.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of the Consumer Price Index program.
Q: How is this trend used in economic policy?
A: Electricity prices are monitored by policymakers, urban planners, and market analysts to assess economic conditions and the impact on household budgets.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Houston-The Woodlands-Sugar Land, TX (CBSA) (APUS37B72610), retrieved from FRED.