CSEM WP 119 California’s Electricity Crisis: A Market Apart?

California’s electricity crisis: a market apart?

The factors most often cited as the causes of the California crisis are the scarcity of generation capacity, a flawed market design, and the venality of electricity producers. However, many of these attributes were present in other electricity markets, none of which have suffered through anything like the California crisis. The only factor not seen in other markets in the world is the lack of c...

Energy subsidies in California’s electricity market deregulation

Deregulation and re-regulation of California’s electricity market not only failed in terms of anticipated cost reductions, improved customer service and higher competition, it also led to the introduction of various additional energy subsidies. This paper analyzes California’s electricity market deregulation process from a subsidy viewpoint. Under deregulation in California, investor-owned util...

CSEM WP 111 The Efficiency of Electricity Generation in the U.S. After Restructuring

CSEM WP 111R The Efficiency of Electricity Generation in the U.S. After Restructuring

CSEM WP 109R Looking for Trouble: Competition Policy in the U.S. Electricity Industry

In the aftermath of the California energy crisis, there has been a shift in the focus of electricity regulators away from the fostering of a competitive market structure and towards the application of regulations to specific market outcomes. Such a focus stands in marked contrast to the general principles governing competition policies in other industries. This shift is in part influenced by th...