Electric potential can be summarized as the work done by an electric force to move a charge from one point to another. The units are in Volts. Electric potential is not dependent on the shape of the path that the work is applied. Being a conservative system, the amount of energy required to move a charge in a full circle, to return it back to where it started will be equal to zero.
The work of an electrostatic field takes the formula
W12 = keqQ(1/r1 – 1/r2),
which is found by integrating the the charge q times the electric field. The work of an electrostatic field also contains both the electric potential and electric potential energy. Electric potential energy, U is equal to the electric potential φ multiplied by the charge q. Electric potential energy is a difference of potentials, while electric potential uses the exact level of electric potential in the given case.
To calculate electric potential energy, it is convenient to assume that the potential energy is zero at a distance of infinity (and surely it should be). In this case, we can write the electric potential energy as equal to the work needed to move a charge from point 1 to infinity.
We’ll consider a quick application related to both the dipole moment and the electric potential. The dipole potential takes the formula in the figure below. Dipole potential decreases faster with distance r than it would for a point charge.