Deregulation refers to clearing away rules, regulations, paperwork requirements, or approval processes that affect the performance of public servants or the performance of industries, sectors, programs, overseen by public servants.
Deregulation is the opening up of a goods or service to competition. It allows companies to provide services to customers who previously could only get them from a regulated body, such utilities. Energy deregulation has been mandated by Federal and State governments as a way of lowering energy costs to consumers.
The removal of government control on the conduct of economic activity in a particular sector, typically taking the form of rules or price controls. It implies that market forces take effect without any government restrictions. Français: Déréglementation Español: Desreglamentación, liberalización
By the Federal law enacted in 1978, the elimination of the CAB and governmental regulation of the airlines and other suppliers with regard to routes, fares and other specifics. This is the term used to describe the broad process that progressed over many years resulting in: (1) elimination of the requirement that domestic carriers must file and have approved by a U.S. governmental agency (the CAB) their tariffs (fares charged); (2) loosening of the requirements by which carriers may choose to fly domestic routes; and (3) elimination of the carriers' antitrust immunity for their acts taken with respect to travel agents.
Separation of the supply of electricity from its delivery, with the supply portion being deregulated and opened to competition by an unlimited number of suppliers at market rates. The delivery or "wires" portion of the business and the rates charged for delivery remain regulated by state and federal authorities.
In the electric industry, "deregulation" (also called "restructuring") describes the transition from utilities playing a monopolistic role (controlling all aspects of electricity supply and delivery), to a state in which other companies can participate in the market for generating and supplying electricity. After a region’s electric industry is restructured, electric services are separated into generation, transmission and distribution. You have the ability to choose the generation provider of your electric service. Whether you choose a competitive supplier or not, your current electric utility will continue to be responsible for the delivery of your electricity.
The removal of Australian Government and State Government price controls over market milk schemes within the Domestic Dairy Industry, and Australian Government regulations covering the Domestic Market Support Scheme.
Process of removing regulatory authority over regulated companies. In a deregulated environment rates and services will be determined by the market place in much the same manner as other consumer goods.
A term used to describe the process of moving to the use of market forces in place of government regulatory authority to ensure the fair and proper delivery & pricing of utility services. (See "Restructuring.")
The process of opening the gas and electricity supply markets to competition between suppliers, providing customers with the ability to choose their gas and electricity suppliers. Deregulation has already led to reductions in prices and increases in service and efficiency within both markets.
Deregulation refers to the societal movement away from traditional, monopoly, investor-owned utilities. In theory, the increased competition that will come with a more diversified energy market will benefit consumers through lower prices and superior service. Opponents of deregulation argue that the government is adequately or better able to regulate the electric industry than market forces.
1). The regulation of an industry by private bodies rather than by statute. This often increases the form of regulation but allows all the rules to be enforced by the industry's elected governing body rather than civil servants. The government can provide broad outlines within which the regulatory bodies can operate and supervise their effectiveness. 2). Deregulation of an economy involves, for example, privatisation of public industry, making provisions for greater competition, removal of exchange rate controls, removal of state subsidies, and leaving interest rates to market forces.
The process of changing policies and laws of regulation in order to increase competition among suppliers of commodities and services. The Energy Policy Act initiated deregulation of the electric power industry in 1992.
In 1984, AT&T no longer was allowed to provide local service, nor were the Bell companies allowed to provide interLATA, long-distance information service, nor could they manufacture equipment. In 1996, the barriers preventing competitive entry into the local exchange market were lifted, thus allowing broadcast cable, telephone, utilities, etc., to compete equally.
Revisions or complete elimination of economic regulations controlling transportation. The Motor Carrier's Act of 1980 and the Staggers Act of 1980 revised the economic controls over motor carriers and railroads, while the Airline Deregulation Act of 1978 will eventually eliminate economic controls over air carriers.
a process by which governments remove selected regulations on business, based on a theory that it would encourage the efficient operation of markets. Many states deregulated their electricity markets in the 1990's.
The ability of generation companies or brokers to sell electricity directly to retail consumers, utilizing regulated transmission lines and the regulated distribution facilities of existing utility companies.
The process of changing regulatory policies and laws to increase competition among suppliers of commodities and service. The process of deregulating the electric power industry was initiated by the Energy Policy Act of 1992. (See also Restructuring)
Deregulation is the process by which governments remove, reduce, or simplify restrictions on business and individuals in order to (in theory) encourage the efficient operation of markets. The stated rationale for deregulation is often that fewer and simpler regulations will lead to a raised level of competitiveness, therefore higher productivity, more efficiency and lower prices overall. Deregulation is different from liberalization because a liberalized market, while often having less and simpler regulations, can also have regulations in order to increase efficieny and protect consumer's rights, one example being anti-trust legislation.
Separating the service of purchasing natural gas from the distribution function of the utility. This allows other nonregulated suppliers the opportunity to sell natural gas to customers. The utility continues to deliver the natural gas.
(1) A 1983 Federal Communications Committee ruling which freed the interexchange carriers from the need to file rate changes or seek authority from FCC to expand. AT&T was not deregulated because of its economic power and market dominance.