Energy deregulation is the process of removing government controls over the energy market, allowing consumers to choose their energy suppliers. This shift aims to promote competition among providers, which can lead to lower prices and improved services. In a deregulated market, companies can offer various plans and pricing options, giving consumers more control over their energy costs. In many regions, such as Texas and California, energy deregulation has been implemented to encourage innovation and efficiency. Consumers can compare different electricity and natural gas providers, enabling them to select the best options for their needs.