Public utility

A public utility is a company that provides essential services—such as water, electricity, gas, or transportation—to the public. These services are considered vital for daily living and economic activity, so utilities are often regulated by government agencies to ensure affordable, reliable, and fair access. Utilities typically operate as monopolies in specific areas to prevent duplication of infrastructure, with oversight to prevent abuse of market power. Their primary goal is to supply necessary services efficiently and sustainably, balancing consumer needs with responsible resource management.