Utilities regulation refers to the oversight and management of essential services such as electricity, water, and natural gas. This regulation ensures that these services are provided safely, reliably, and at fair prices. Regulatory bodies, often at the state or federal level, set rules and standards that utility companies must follow to protect consumers and promote competition. These regulatory agencies also monitor the performance of utility companies, ensuring they meet quality and safety standards. By establishing rates and service requirements, utilities regulation aims to balance the interests of consumers, utility providers, and the environment, fostering a sustainable and equitable infrastructure.