Before energy deregulation, public utility companies had monopolistic control over the production, processing, and distribution of energy. Consumers, on the other hand, had no control.…
Before energy deregulation, public utility companies had monopolistic control over the production, processing, and distribution of energy. Consumers, on the other hand, had no control. This lack of competition provided no incentive for utility companies to improve efficiency, price, or service. The removal of legal barriers for economic competition allowed new companies to enter the energy market.
