Energy industries are referred to as those industries which keep on creating and delivering energy. It includes the production of coal, biomass, geothermal energy, electricity, tidal energy, wind energy, solar energy, nuclear energy and some more. Major industries that are important are the ones that produce power with the help of fossil fuels (Investopedia, 2018).
Regulation has a major role to play in the energy sector. It acts as a guarantee to create a balance in the country. It allows the government to achieve its objectives, it helps the consumers and the private players to realize their interests in an unbiased and transparent way. The government aims to assure that the policies it sets up is realized, the consumers, on the other hand, want to be sure that a safe and decent service would be delivered to them, whereas the private investors require a set of framework which allows them to produce and supply in a manner that they are able to gain a fair return (Banks, 2010).