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What is electricity deregulation?

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Anonymous

14y ago
Updated: 8/17/2019

Deregulation is when the government removes rules and regulations that restrict a company of offering competitive prices for a product. For example, if you are shopping for insurance you can try multiple companies to get the lowest price possible. Car insurance companies are everywhere, but with electricity, the majority of customers have only one option. Now applying deregulation to your electricity, you can now shop around for the best rates on you electricity. Not every state in the US has energy deregulation, but at this site you can check on which ones do. (see related link)

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Wiki User

14y ago

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