And again, you're making a sweeping generalization about regulatory organizations that isn't even remotely true, and you have nothing to base it on. In the US alone, the majority of states have systems that combine both regulated and unregulated rates, and even in the states where the regulators decide on the rate, a utility can request rate increases at any time.
Your entire premise is based around some mystical altruism that doesn't actually exist in government or business.
https://content.next.westlaw.com/Document/Ieb49d7b91cb511e38...