An attempt is made to unite the concepts of atmospheric electricity and of lower ionospheric physics by using a common theoretical approach to derive profiles of electron and ion densities from 0 to 100 km. Relations between height and the rate of ion production that apply to average geographical and temporal conditions are used, together with selected values of attachment, detachment, and recombination coefficients. The uncertainty in and range of variation of these coefficients are discussed, and some examples given of the associated variability in the derived electron and ion density profiles. Estimates of collisional frequencies are used in conjunction with the electron and ion density information to obtain profiles of conductivity versus height. Below some 40 to 50 km, ionic conductivity is dominant. Deductions regarding mobility and its relationship to ion‐clustering are considered. It is demonstrated that when ionization is being produced below about 40 km, the radio wave absorption due to ions is much more important than that caused by electrons. It is also shown that any effects on atmospheric electricity observations at the ground associated with ionizing fluxes in the upper atmosphere are probably due to stratospheric space charges rather than to changes in conductivity at high altitudes. The applications of the conductivity profiles to radio wave propagation at VLF and ELF are briefly examined.