Government regulates utilities by granting them monopoly privileges, and then controlling their prices. I contend that such government intervention is wrong. It is unnecessary, inefficient, and in the final analysis, immoral. Utilities should be completely deregulated.
Another problem with natural monopoly theory is that it doesn’t allow for changes in technology.
The second reason for deregulating electrical utilities is that deregulation fosters competition, which keeps prices down and quality up.
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