Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the undoing or repeal of governmental regulation of the economy, opposition to deregulation may usually involve apprehension regarding environmental pollution and environmental quality standards, financial uncertainty, and constraining monopolies. Regulatory reform is a parallel development alongside deregulation, Regulatory reform refers to organized and ongoing programs to review regulations with a view to minimizing, simplifying, and making them more cost effective. Cost–benefit analysis is used in such reviews. In addition, there have been regulatory innovations, usually suggested by economists, Deregulation can be distinguished from privatization, where privatization can be seen as taking state-owned service providers into the private sector. Argentina underwent heavy economic deregulation, privatization, and had an exchange rate during the Menem administration. In Dec.2001, Paul Krugman compared Enron with Argentina, two months later, Herbert Inhaber claimed that Krugman confused correlation with causation, and neither collapse was due to excessive deregulation. Having announced a range of deregulatory policies, Labor Prime Minister Bob Hawke announced the policy of Minimum Effective Regulation in 1986. This introduced now familiar requirements for regulatory impact statements, but compliance by governmental agencies took many years, the labour market under the Hawke/Keating Labor governments operated under an accord. John Howards Liberal Party of Australia in 1996 began deregulation of the labor market, however, it was reversed under the following Rudd Labor government. Natural gas is deregulated in most of the country, with the exception of some Atlantic provinces and some pockets like Vancouver Island, most of this deregulation happened in the mid-1980s. There is price comparison service operating in some of these jurisdictions, particularly Ontario, Alberta, the other provinces are small markets and have not attracted suppliers. Customers have the choice of purchasing from a distribution company or a deregulated supplier. In most provinces the LDC is not allowed to offer a term contract, LDC prices are changed either monthly or quarterly. The province of Ontario began deregulation of electricity supply in 2002, the government is still searching for a stable working regulatory framework. The current status is a partially regulated structure in which consumers have received a price for a portion of the publicly owned generation. The remainder of the price has been market price based and there are numerous competitive energy contract providers, however, Ontario is installing Smart Meters in all homes and small businesses and is changing the pricing structure to Time of Use pricing. All small volume consumers are to be shifted to the new structure by the end of 2012
As a result of deregulation, Orange operates phone booths in Wellington, New Zealand.
Since the deregulation of the postal sector, different postal operators can install mail collection boxes in New Zealand's streets.