Energy Deregulation

Energy deregulation refers to the process of removing government controls over the energy market, allowing consumers to choose their electricity or gas providers. Instead of a single utility company controlling prices and services, multiple companies can compete for customers. This competition aims to lower prices, improve service quality, and encourage innovation. However, outcomes can vary by region, with some consumers benefiting from lower rates while others may struggle with confusing choices. Overall, deregulation seeks to make the energy market more efficient and responsive to consumer needs.