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The Competition Was To See Who Could Take More Of Your Money
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True or false, deregulation leads to cheaper prices due to competition? Ask people in states where energy markets were deregulated and prices went up, leaving the regulated incumbents actually cheaper than the new entrants. In fact, over the course of a decade, 2010-2019, Americans signing up with unregulated new entrants paid $19.2 billion more than the people who stuck with the regulated companies. And you might not even know you aren't with the original company anymore: In some areas, the incumbent company has to handle billing for the newcomers, so your bill still comes from the old company. Might wanna check that invoice. (Wall Street Journal)
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