Energy Regulator
An Energy Regulator is a government or independent body responsible for overseeing and managing the energy sector. Its main role is to ensure that energy supply is reliable, affordable, and environmentally sustainable. The regulator sets rules and standards for energy companies, monitors their performance, and protects consumer interests.
Additionally, the Energy Regulator plays a crucial role in promoting competition within the energy market. It evaluates pricing structures, approves tariffs, and ensures that energy providers comply with regulations. By doing so, the regulator helps maintain a balance between the needs of consumers and the operational requirements of energy companies, such as electricity and natural gas providers.