{"title":"California's electricity crisis","authors":"Vikram S. Budhraja","doi":"10.1109/PESS.2001.970051","DOIUrl":null,"url":null,"abstract":"California's new competitive market with independent system operator (ISO), power exchange (PX) and retail choice began operating on March 31, 1998. By and large, the first 2 years of operation were relatively uneventful. While there were early experiences with market volatility, none were terribly surprising, given the unprecedented magnitude of changes from a regulated to competitive electric market structure. Several adjustments were made to ISO and PX rules to address start-up problems and these appeared to work until the summer of 2000. The summer of 2000 was a rude awakening. The market broke down and the hopes for a smooth transition to competitive markets for electricity in California were dashed. In this paper, an overview of California's electricity crisis is presented by the author.","PeriodicalId":273578,"journal":{"name":"2001 Power Engineering Society Summer Meeting. Conference Proceedings (Cat. No.01CH37262)","volume":"2 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2001-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2001 Power Engineering Society Summer Meeting. Conference Proceedings (Cat. No.01CH37262)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/PESS.2001.970051","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 4
Abstract
California's new competitive market with independent system operator (ISO), power exchange (PX) and retail choice began operating on March 31, 1998. By and large, the first 2 years of operation were relatively uneventful. While there were early experiences with market volatility, none were terribly surprising, given the unprecedented magnitude of changes from a regulated to competitive electric market structure. Several adjustments were made to ISO and PX rules to address start-up problems and these appeared to work until the summer of 2000. The summer of 2000 was a rude awakening. The market broke down and the hopes for a smooth transition to competitive markets for electricity in California were dashed. In this paper, an overview of California's electricity crisis is presented by the author.
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