ELI5: Explain Like I'm 5

Cost of electricity by source

Electricity is a type of energy that is generated by different sources. Different types of sources power our homes, businesses and other places. The cost of electricity depends on the type of source and the amount of electricity used.

The different sources that power our world and the cost of each source is as follows:
1. Solar: Solar energy is one of the cleanest sources of power and can be used to generate electricity. Solar energy comes from the sun and is free, so it usually costs a lot less than other sources.
2. Wind: Wind power is generated by using the wind turbines. The turbines turn to capture the energy of the wind and turn it into electricity. The cost of wind power is usually higher than solar energy, but it is still a very cheap source of electricity.
3. Fossil fuels: Fossil fuels such as coal, oil, and natural gas are some of the most common sources of electricity. They are not clean sources, but they can generate a lot of energy. This can be costly, but in certain places, it is still the most cost-effective way to generate electricity.
4. Nuclear: Nuclear energy is produced by using radioactive materials. It is a very efficient source of electricity and can generate large amounts of energy. It can be expensive, but it is still a cost-effective way to generate electricity.

So, the cost of electricity by source will depend on the type of source and the amount of electricity used. Solar and wind energy are usually the cheapest sources, while fossil fuels and nuclear energy can be more expensive.