The California Energy Crisis
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Author | : James Walsh |
Publisher | : Silver Lake Publishing |
Total Pages | : 379 |
Release | : 2002 |
Genre | : Electric utilities |
ISBN | : 1563437481 |
At Enron only obscure a bigger problem."THE 10 BILLION JOLT: California's Energy Crisis-Cowardice, Greed, Stupidity and the Death of DeregulationJames WalshTrade paperback366 pages (6" x 9")Price: 19.95ISBN 1-56343-748-1.
Author | : Christopher Weare |
Publisher | : Public Policy Instit. of CA |
Total Pages | : 140 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : 1582130647 |
Author | : Georg Rilinger |
Publisher | : University of Chicago Press |
Total Pages | : 322 |
Release | : 2024-08-19 |
Genre | : Social Science |
ISBN | : 0226834395 |
A new framework for studying markets as the product of organizational planning and understanding the practical limits of market design. The Western energy crisis was one of the great financial disasters of the past century. The crisis began in April 2000, when price spikes started to rattle California’s electricity markets. Decades later, some blame economic fundamentals and ignorant politicians, while others accuse the energy sellers who raided the markets. In Failure by Design, sociologist Georg Rilinger offers a different explanation, one that focuses on the practical challenges of market design. The unique physical attributes of electricity made it exceedingly difficult to introduce markets into the coordination of the electricity system, so market designers were brought in to construct the infrastructures that coordinate how market participants interact. An exercise in social engineering, these infrastructures were intended to guide market actors toward behavior that would produce optimal market results and facilitate grid management. Yet, though these experts spent their days worrying about incentive misalignment and market manipulation, they unintentionally created a system riddled with opportunities for destructive behavior. Rilinger’s analysis not only illuminates the California energy crisis but also develops a broader theoretical framework for thinking about markets as the products of organizational planning and the limits of social engineering, contributing broadly to sociological and economic thinking about the nature of markets.
Author | : Will McNamara |
Publisher | : PennWell Books |
Total Pages | : 240 |
Release | : 2002 |
Genre | : Business & Economics |
ISBN | : |
California was the first to open its electricity markets to competition (1998) and is often viewed as a prototype for deregulation. This book takes readers into the heart of the California energy crisis and recounts the facts surrounding California's deregulation.
Author | : James L. Sweeney |
Publisher | : Hoover Press |
Total Pages | : 303 |
Release | : 2013-09-01 |
Genre | : Political Science |
ISBN | : 0817929134 |
After political leaders mismanaged the electricity crisis, California now faces an electricity blight while it struggles to recover from its self-imposed wounds. The California Electricity Crisis focuses on policy decisions, their consequences, and alternatives: the saga California has faced and is still facing.
Author | : |
Publisher | : |
Total Pages | : 0 |
Release | : 2001 |
Genre | : |
ISBN | : |
Many view California's electricity crisis as proof that electricity deregulation and indeed deregulation in general does not work. This is wrong. California did not deregulate its electricity market, but rather "restructured" it, requiring far more state intervention in electricity transactions than existed before. In doing so, the law created a micromanaged pseudo-market where suppliers of electricity have the ability and incentive to manipulate prices to their advantage, and utilities are forbidden to shop for better prices. Unfortunately, state leaders are working in an environment of widespread misunderstanding, such as many mistaking the state's restructuring for deregulation. Clear and effective policies, and public support for them, depend on an accurate analysis of the issues at hand and alternatives available. To that end, this study examines California's electricity crisis from three directions, analyzing: 1. The most important aspects of what went wrong with the restructuring; 2. How deregulation of electricity has worked in other states, and even other nations; and 3. Gov. Gray Davis' action plan, point by point.
Author | : United States. Congress. Senate. Committee on Energy and Natural Resources |
Publisher | : |
Total Pages | : 200 |
Release | : 2001 |
Genre | : Business & Economics |
ISBN | : |
Author | : United States. Congress. House. Committee on Government Reform. Subcommittee on Energy Policy, Natural Resources, and Regulatory Affairs |
Publisher | : |
Total Pages | : 710 |
Release | : 2002 |
Genre | : Business & Economics |
ISBN | : |
Author | : Katherine M. Dombrowski |
Publisher | : |
Total Pages | : 58 |
Release | : 2002 |
Genre | : Electric industries |
ISBN | : |
Author | : United States. Congress. House. Committee on Financial Services |
Publisher | : |
Total Pages | : 196 |
Release | : 2001 |
Genre | : Business & Economics |
ISBN | : |