Microsoft may have taken a trip to Greyskull as, to paraphrase He-Man they:
“Have the Poweeeeerrrrr…Pages”
The newest member of the Power Platform family, Power Pages is a upgraded version of Power Platform Portals – moving from a component to a fully-fledged standalone product.
What does it do?
Power Pages is designed to help easily create websites using drag & drop plus a range of templates available. Microsoft are positioning it as good for uses including FAQ sites, self-service portals, support sites and more.

Making it easier to create better, more powerful and nicer looking websites will actually be pretty useful for (parts of) organisations of all sizes.
Licensing
There are 2 options based on authenticated and anonymous users:
Authenticated users per website
This starts at $200 per 100 users per site per month with volume pricing available:

As it is per site, users authenticating against multiple sites will use additional capacity.
Anonymous users per website
This starts at $75 per 500 users per site per month with volume pricing available:

As it is per site, users browsing multiple sites will use additional capacity.
Further Reading
Power Pages capabilities – more here