Consumers are better served when they are provided with several options. However, in the utility supply such a scenario does not exist because they are monopolies. Stakeholders in utility supply have an obligation to ensure that the consumer needs are met in the right way. Deregulation of utilities is the only option.
Competition in the supply of goods and services is great because the standards are raised. However, if it does not exist it means the key player can do whatever he or she wishes to do. Corruption will be very rampant in such a system too.
Increase in the number of supplies also means that the prices will go down. The consumer will be at liberty to choose his or her electricity supplier. Even though the charges for water and electricity supply have decreased over the past years there is still a chance for them to go down even more. This will be a big relief to the consumers in city Florida.
Entrepreneurs running small businesses strain to reduce their expenditure. However, there is always the worry that the utility bills will drain them of their profits. This is because the supplier is not always keen to listen to their complaints and mistakes are made. The business environment will be more favorable to consumers if they are provided with an option to bring down the expenditure. This will be a huge boost to economic growth. Every firm will benefit from such a move regardless of its size and even the shape.
Many investors will come forth to open utility supply companies and this will led to creation of jobs. The local community stands to benefit. The monopolies in operation currently use intense lobbying, scare tactics, outright deception and give huge donation during campaigns to manipulate the consumers so as not to push towards deregulation. However, the people are better off without them.
Electricity will be more affordable if the current rates are decreased. This is beneficial to the environment because pollution might be minimized. Those who cannot afford to have electrical power in their houses use other cheap alternatives and the gases produces are very harmful to the environment. Global warming is a very serious threat and unless everyone puts forth efforts to cub this menace the situation will get even worse.
Service provision will also get better if the monopoly system is scrapped off. Every supplier will strain to ensure the users get high-quality services to win their loyalty. The monopolies do not care about the services the consumers get since they know that everyone depends on them and there is no any other alternative. Even when they are harassed and victimized they are helpless. This should not be the case.
Poverty levels reflect how well the country is doing in terms of the economy. This will reduce if many people can afford electricity. However, growth will be crippled by a high poverty level. Adopting clean energy is a great solution in reversing such a trend but there is no way the process will proceed smoothly unless the monopolies are killed in the Florida City.
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