Results for tag: "Deregulation Of Electricity"

Electricity deregulation is the process of removing government-imposed restrictions on the sale and pricing of electricity. It is intended to create a competitive market in which electricity suppliers can compete for customers. This competition is expected to lead to lower prices, improved services, and increased innovation. The deregulation of electricity markets began in the late 1990s in the United States and has since spread to other countries. It has been implemented in various forms, including the introduction of competitive bidding for electricity supply contracts, the unbundling of electricity generation, transmission, and distribution services, and the introduction of retail choice. The deregulation of electricity markets has been met with both support and criticism. Supporters argue that it has led to lower prices, improved services, and increased innovation. Critics argue that it has led to higher prices, reduced reliability, and increased complexity. Some companies in the electricity market include Duke Energy, Exelon, and NRG Energy. Show Less Read more