Electricity rates refer to the cost of electricity per unit of consumption, typically measured in kilowatt-hours (kWh), and are a crucial factor in determining the overall cost of electricity for households and businesses. Understanding electricity rates is essential for consumers and organizations to manage their energy expenses, make informed decisions about energy efficiency, and navigate the complex energy market, making it a key topic of interest in the tech community, particularly in the context of smart grids, energy management systems, and sustainable energy solutions.