Average Price: Electricity per Kilowatt-Hour in Denver-Aurora-Lakewood, CO (CBSA)
APUS48B72610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
3.95%
Date Range
11/1/1978 - 5/1/2024
Summary
This economic trend measures the average price of electricity per kilowatt-hour in the Denver-Aurora-Lakewood, Colorado metropolitan area. It is an important indicator for understanding energy costs and consumer price dynamics 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 Kilowatt-Hour in Denver-Aurora-Lakewood, CO (CBSA) tracks the average retail price paid by residential consumers for electricity in this major urban area. This metric is used by economists, policymakers, and energy analysts to assess energy affordability and the overall cost of living in the region.
Methodology
The data is collected through surveys of electric utilities serving the Denver metropolitan area.
Historical Context
This trend provides insights into the local energy market and can inform policy decisions around electricity pricing and consumer protections.
Key Facts
- Denver residents paid an average of $0.12 per kilowatt-hour of electricity in 2021.
- Electricity prices in Denver have risen by 20% over the past decade.
- The Denver area has seen higher-than-average electricity price inflation compared to the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per kilowatt-hour paid by residential consumers in the Denver-Aurora-Lakewood, Colorado metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into energy affordability and the overall cost of living in the Denver region, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities serving the Denver metropolitan area.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions around electricity pricing, consumer protections, and energy affordability in the Denver market.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be a 1-2 month lag in reporting.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Denver-Aurora-Lakewood, CO (CBSA) (APUS48B72610), retrieved from FRED.