greater efficiency + effectiveness

Natural gas and electricity deregulation refers to the process of opening up previously monopolized energy markets to competition, allowing multiple providers to compete for customers. Before deregulation, a single utility company would both produce and supply energy to consumers in a specific geographic region, controlling the prices and the quality of service. With deregulation, the energy supply market is separated from the distribution services, enabling alternative suppliers to offer different prices, terms, and conditions, potentially leading to more competitive rates and improved customer service. This gives consumers the power of choice, allowing them to select a provider with the rates and level of service that best suit their needs. However, the local utility still maintains the energy distribution infrastructure, ensuring reliable delivery and maintaining responsibility for addressing outages and repairs. Deregulation aims to create a more efficient, competitive market, driving innovation, and offering consumers better options when it comes to their energy needs.