Average Price: Electricity per Kilowatt-Hour in Urban Hawaii (CBSA)
APUS49F72610 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
-5.95%
Date Range
11/1/1978 - 12/1/2024
Summary
This economic trend measures the average price of electricity per kilowatt-hour for urban consumers in Hawaii. It is a key indicator of energy costs and a metric used by policymakers, utility providers, and economists to analyze electricity market conditions.
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 Urban Hawaii (CBSA) trend represents the average retail price paid by urban residential, commercial, and industrial electricity consumers in the Honolulu, Hawaii metropolitan area. This data series is widely referenced to assess regional electricity affordability and understand the broader energy landscape.
Methodology
The data is collected through surveys of electric utilities by the U.S. Energy Information Administration.
Historical Context
Policymakers and utility regulators use this metric to inform decisions on energy infrastructure, pricing, and consumer assistance programs.
Key Facts
- Hawaii has the highest electricity prices in the United States.
- Electricity costs are a significant component of household and business budgets.
- This metric can indicate the impact of energy policies and market dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of electricity per kilowatt-hour for urban consumers in the Honolulu, Hawaii metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used to assess energy affordability, understand regional electricity market conditions, and inform policy decisions related to energy infrastructure and pricing.
Q: How is this data collected or calculated?
A: The data is collected through surveys of electric utilities by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and utility regulators use this metric to inform decisions on energy infrastructure, pricing, and consumer assistance programs.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may not capture all regional electricity rate changes.
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Citation
U.S. Federal Reserve, Average Price: Electricity per Kilowatt-Hour in Urban Hawaii (CBSA) (APUS49F72610), retrieved from FRED.