What exactly is energy deregulation?

What exactly is energy deregulation, and why is it important?

In the early 1900s, most states in the U.S. had some form of government-regulated energy system. If you lived in a state like California, your utility company was essentially chosen for you by the state, and you could only purchase electricity from that company. These government-regulated energy systems began to change in the late 1970s …

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