During 2005, the "Price To Beat" became a ceiling or cap on rates charged by the former monopolist firms; and beginning on 1 January 2007, these incumbent firm will be allowed to charge their customers with rates that are not subject to regulatory oversight.
During 2005, the "Price To Beat" became a ceiling or cap on rates charged by the firms prior to deregulation. From 1 January 2007, these incumbent firms will be allowed to charge their customers with rates that are not subject to regulatory oversight.