Electricity prices refer to the cost consumers pay for using electrical power in their homes and businesses. These prices can vary based on factors such as location, demand, and the source of the electricity, which may include renewable energy, natural gas, or coal. Utility companies often adjust rates based on market conditions and regulatory policies. In many regions, electricity prices are influenced by the time of day, with higher rates during peak usage hours. Additionally, government regulations and incentives can impact pricing structures, encouraging the use of clean energy sources and promoting energy efficiency among consumers.