Rising Energy is a Normal Trap Card.
Trap Cards are normally Set first and can be activated on a later turn, often in response to an action.
On the current TCG and OCG Forbidden & Limited lists tracked here, Rising Energy is Unlimited.
YGOPRODeck lists Rising Energy for these formats: Duel Links, Speed Duel, Common Charity, Edison, TCG, OCG, Master Duel.
A listed print of Rising Energy appears in Battle Pack 2: War of the Giants (BP02-EN185) at Common rarity.
Among markets shown on this page, the lowest listed snapshot for Rising Energy is about $0.03 on Cardmarket (prices change frequently).