Energy prices refer to the cost of electricity, gas, and other forms of energy that households and businesses use daily. These prices can fluctuate based on various factors, including supply and demand, weather conditions, and global events. For example, during a cold winter, the demand for natural gas may rise, leading to higher prices.
Changes in energy prices can significantly impact budgets and the economy. When prices increase, people may look for ways to save energy, such as using energy-efficient appliances or adjusting their heating and cooling systems. Understanding energy prices helps consumers make informed choices about their energy use.