Friday 8 January 2016

The Need For Deregulation Of Utilities

By Eric Lewis


Consumers will benefit immensely if free markets and customer choices are brought on board and monopoly model of control and command is done away with. Therefore, stakeholders in the field should give such a move an opportunity. Read on to now more benefits of deregulation of utilities.

Competition in the supply of goods and services is great because the standards are raised. However, if it does not exist it means the key player can do whatever he or she wishes to do. Corruption will be very rampant in such a system too.

Increase in the number of supplies also means that the prices will go down. The consumer will be at liberty to choose his or her electricity supplier. Even though the charges for water and electricity supply have decreased over the past years there is still a chance for them to go down even more. This will be a big relief to the consumers in city Florida.

Small businesses operate on a very tight financial budget. Therefore, deregulation when it comes to utility supply will aid them in reducing the expenses even more. This will make them perform better in terms of growing their profit margin. The firms play a very important role in the growth of the economy and helping them to remain in the business is such a great incentive. In addition, enterprises of all sizes and shapes will also reap a number of benefits from this.

There are a lot of investors who are interested in the supply of clean energy. If they are given the opportunity they would be able to reduce the rate of unemployment through the various job opportunities that will be created. The monopolies go to extensive lengths to intimidate the consumers so that they may not lobby for deregulation to be done. However, the situation will get better without them.

The electricity bills cannot be said to be affordable especially to those who earn an income below the wage rate. That is why this population uses alternatives which are harmful to the environment. This is why efforts to reduce population so as to conserve the natural environment are not proceeding so smoothly. However, if this people are taken into consideration then they global warming would be managed.

Service provision will also get better if the monopoly system is scrapped off. Every supplier will strain to ensure the users get high-quality services to win their loyalty. The monopolies do not care about the services the consumers get since they know that everyone depends on them and there is no any other alternative. Even when they are harassed and victimized they are helpless. This should not be the case.

Poverty levels reflect how well the country is doing in terms of the economy. This will reduce if many people can afford electricity. However, growth will be crippled by a high poverty level. Adopting clean energy is a great solution in reversing such a trend but there is no way the process will proceed smoothly unless the monopolies are killed in the Florida City.




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