In its strictest sense, deregulation is the removal of rules or regulations. Electricity deregulation was sought to aid competition among electricity providers. With the Energy Policy Act of 1992, Congress wanted to promote greater competition in the bulk power market. Through this act, states were allowed to restructure their electric power industry to create more competition. As states across the nation adopt deregulation, they are experiencing varied amounts of success. Texas has had a great deal of success with deregulation.