What is the difference between a regulated and an unregulated utility?

A regulated utility is a type of utility that is subject to government oversight and regulation. Regulated utilities are typically owned by utility companies or government entities, and their operations and pricing are regulated by a government agency such as the Public Service Commission in Maryland. The goal of regulation is to protect consumers by ensuring that rates are fair, service is reliable, and safety is maintained. An unregulated utility is one that is not regulated by the government and does not have to follow any set regulations. Unregulated utilities typically operate independently of the government and have more freedom in setting their prices and operations. The downside to unregulated utilities is that prices are typically higher and service may not be as reliable or safe as it is with a regulated utility.

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