Answer to Question #260033 in Management for Paia

Question

In your views are U.S electric utilities likely to face cutthroat competition? Why or why not?

Answer 1

Competition is a significant aspect of U.S. utility services; therefore, U.S electric utilities are likely to face cutthroat competition because there are many providers for the service. Each is trying to win the market and there is intense rivalry in the market because it is not monopoly market; this poses a challenge to utility providers in but benefits customers and quality and convenience matter in the competition.