In a big win for consumers, FCC Chairman Tom Wheeler officially proposes ISPs to be reclassified as a utilities under Title II. What does this mean for the average person? Well, in the short run, it probably means very little. But in the long run it means a freer, open, and probably cheaper internet for all of us.

Basically it means that ISP’s cannot charge large companies for “fast lanes” (as in faster connection speeds) while everyone else has to use the regular speed lanes. This ultimately translates into savings for consumers. For example, Netflix now won’t have to pay Time Warner for better connection speeds, and they won’t have to charge you more to make up the cost.

There’s plenty of propaganda out there written by the ISP’s that says how this is a huge loss for consumers and it’s going to make rates skyrocket, and blah blah blah. But they’re just angry because they lost out on a new revenue stream.

Checkout this great article by Wired on some of the ins and out of the new deal.