Electricity rates refer to the cost consumers pay for using electrical power, typically measured in cents per kilowatt-hour (kWh). These rates can vary based on factors such as location, time of use, and the type of electricity provider, which may include utilities or independent energy suppliers. Rates can also change due to market conditions, regulatory policies, and the source of the electricity, such as renewable energy versus fossil fuels. Understanding electricity rates helps consumers manage their energy consumption and costs effectively, allowing them to make informed decisions about their electricity usage.