What are some different ways the government can regulate public utilities.

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Public utility refers to organization that performs public services and are subject to governmental regulation. Eg of public utilities are electric light and power,gas ,water supply.

Regulation is generally exercised by public agency over activities which are of importance to the community.Government regulation is present in the utilities sector.Government regulates utility sector to ensure that services are provided at fair price.Utility companies are regulated at the state and muicipal levels by the public service commissions in US.The Federal Energy Regulatory Commission is a government agency in US that regulates the transmission of eletricity, natural gas,and oil in different states.State governments through public utility commissions does the work of regulating retail electricity services .Larger Federal or state power utilities are directly run by the government.regulation .Regulation can be affected in different ways . One form is to abide by specific rules or commands . Regulation also includes taxation,subsidization,licensing and franchising,contractual requirements.

Rahul Sunny answered 1 month ago

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