Independent power producers (IPPs) are private companies that generate electricity for sale to utilities and other customers. Unlike traditional power plants owned by utility companies, IPPs operate independently and can use various energy sources, including renewable energy like solar and wind, as well as fossil fuels. IPPs play a crucial role in the energy market by increasing competition and providing diverse energy options. They help meet growing electricity demand and can contribute to a more sustainable energy future by investing in cleaner technologies. Their operations are often regulated to ensure reliability and fair pricing for consumers.