Energy Market Deregulation

Energy market deregulation refers to the process of reducing government control over the energy market, allowing for increased competition among energy suppliers. Traditionally, utilities provided both generation and distribution of electricity, often setting fixed prices. Deregulation enables consumers to choose their energy providers, which can lead to varied pricing and improved services. The goal is to create a more efficient market that encourages innovation and lower prices. However, it can also lead to price fluctuations and requires consumers to be more informed about their energy options.