Utility Regulation

Utility regulation is the process by which government agencies oversee essential services, like electricity, water, and gas, to ensure they are provided safely, fairly, and reliably. Regulators set rules and rates that utilities can charge customers, aiming to balance the need for companies to make a profit while protecting consumers from unreasonable prices. This ensures that everyone has access to basic services while promoting efficiency and fair competition in the marketplace. The goal is to create a stable environment where utilities can operate while safeguarding public interests.