What is Electric potential energy?

Electric potential energy is a potential energy that results from conservative Coulomb forces and is associated with the configuration of a particular set of point charges within a defined system. An object may have electric potential energy by virtue of two key elements: its own electric charge and its relative position to other electrically charged objects.

The term "electric potential energy" is used to describe the potential energy in systems with time-variant electric fields, while the term "electrostatic potential energy" is used to describe the potential energy in systems with time-invariant electric fields.