I've read different articles or reviews regarding their preferred suppliers of natural gas and/or electricity, I've seen this many times on Spark Energy reviews too, but what is deregulation?
You can find definite answers on Spark Energy’s official site. They explained it there but if you’re in a hurry and want to understand its meaning now, I’d say that deregulation opened the market to competition, bringing you the power to choose where you buy your energy.
In the past, local energy utilities have been responsible for both the supply and delivery of electricity and natural gas. For example, the move to deregulate the electricity market in Texas gave consumers the option to purchase their energy from independent retailers rather than their local utilities. In short, it’s a lot like shopping for phone or internet service. With energy deregulation comes choice, and with choice comes competition.