What is Energy Regulation?

Energy prices remain regulated in many areas across North America. This means that the energy rates and all the processes that get the electricity and natural gas to homes and businesses, is controlled by a governing body. Only the local utility company has the power to sell directly to the consumer. The government or the utility company set the price for electric and natural gas supply and the distribution channels for delivery. Because of this monopoly, consumers have no choice when it comes to their energy provider.