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The role of demand underscheduling in the California energy crisis

E.D. Hausman, R.D. Tabors
2004 37th Annual Hawaii International Conference on System Sciences, 2004. Proceedings of the  
The paper concludes that the silent initiator of the California crisis was the economically rational, but structurally destabilizing, bidding behavior of PG&E in their effort to shift purchased energy  ...  The lack of demand response to rapidly increasing prices in the California electricity market in 2000 and early 2001 has been identified as one significant factor in the descent of that market into dysfunction  ...  The objective of this paper is to analyze the effects of PG&E's load underscheduling on spot market prices and, ultimately, the role of this behavior in the failure of the California electricity market  ... 
doi:10.1109/hicss.2004.1265170 dblp:conf/hicss/HausmanT04 fatcat:yp5c5ycvvbeixf63glpkj2xxfq

California's Electricity Crisis

P. L. Joskow
2001 Oxford review of economic policy  
to play an active role in energy markets and through forward contracts led to numerous problems well before the more visible meltdown that began in May 2000.  ...  There was a significant drop in electricity demand in California during the summer of 2001. the average demand in the CAISO for the first ten months of 2000 and 2001.  ... 
doi:10.1093/oxrep/17.3.365 fatcat:4466q44dyrd6ba3g2vj2xsyvwm

A Public Utility's Obligation to Serve: Saber or Double-Edged Sword?

Peter W. Hanschen, Gordon P. Erspamer
2004 Electricity Journal  
In a recent case the CPUC addressed the utilities' roles in assuring reliability of service with respect to energy procurement.  ...  , they never were called upon to help their subsidiary electric utilities meet the financial demands of the energy crisis.  ... 
doi:10.1016/j.tej.2004.10.009 fatcat:fxlk4o7l2rczha4tjbjp6uhkya

Enron and the California Energy Crisis: The Role of Networks in Enabling Organizational Corruption

Adam Nix, Stephanie Decker, Carola Wolf
2021 Business History Review  
We provide an analytically structured history of Enron's involvement in the California energy crisis, exploring its emergence as a corrupt organization and its use of an interorganizational network to  ...  Specifically, we show how Enron combined resources from partner firms with its own capabilities, manipulating the energy market and capitalizing on the crisis.  ...  the California energy crisis.  ... 
doi:10.1017/s0007680521001008 fatcat:6fajzls22vdk5kv4y2ylomsb4a

Ex ante and ex post designs for electric market mitigation: past and present experience and lessons from California

R.D. Tabors, J.B. Cardell
2003 36th Annual Hawaii International Conference on System Sciences, 2003. Proceedings of the  
Restructuring in electric power sectors  ...  of decreasing demand could have prevented the escalation of the crisis.  ...  Federal Intervention in the California Market Overview Along with all the State agencies and the IOUs, the Federal Energy Regulatory Commission (FERC) has played a major role arguably both on the positive  ... 
doi:10.1109/hicss.2003.1173870 dblp:conf/hicss/TaborsC03 fatcat:6skfssvng5aw5dc6cyyaosstxi

Can Energy Markets be Trusted? The Effect of the Rise and Fall of Enron on Energy Markets

Jacqueline Lang Weaver
2003 Social Science Research Network  
This article looks at Enron's role in the creation of these markets; the role of energy trading in the California crisis; the fall-out from the Enron scandal and the California-related investigations;  ...  an insignificant Under role in California's energy crisis.  ... 
doi:10.2139/ssrn.471942 fatcat:457s6mr7lvczrdtb4ejdbvjw34

Diagnosing unilateral market power in electricity reserves market

Christopher R. Knittel, Konstantinos Metaxoglou
2008 Journal of Energy Markets  
We use information released during the investigation of the California electricity crisis of 2000 and 2001 by the Federal Energy Regulatory Commission to diagnose allocative inefficiencies in the state's  ...  Matthew Barmack provided us with invaluable information related to the material released in the aftermath of the Federal Energy Regulatory Commission investigation of the events of 2000 and 2001.  ...  As a result, the CALPX DA market clearing quantities represent a fraction of the total load schedules. 10 The information released during the FERC investigation of the California electricity crisis in  ... 
doi:10.21314/jem.2008.001 fatcat:vq5vbxrufvcx7dhgzuodewc4qy

Interface Between Engineering and Market Operations in Restructured Electricity Systems

Hung-Po Chao, S.S. Oren, A. Papalexopoulos, D.J. Sobajic, R. Wilson
2005 Proceedings of the IEEE  
We outline ways that engineering practices developed in the era of vertically integrated utilities might be adapted to the wholesale markets introduced since restructuring began in 1998 in the United States  ...  We examine the impact of wholesale markets on operations of the bulk power system and elaborate some basic implications of engineering practices for designs of wholesale markets.  ...  Must-offer obligations have been increasingly used in the United States after the California energy crisis.  ... 
doi:10.1109/jproc.2005.857491 fatcat:rkxf45v7vrflzj2mmqzhqjet7q

Institutional or structural: lessons from international electricity sector reforms [chapter]

Guy L.F. Holburn, Pablo T. Spiller, Eric Brousseau, Jean-Michel Glachant
The Economics of Contracts  
are capped), provided some distributors with the incentives to bring down their costs by underscheduling demand in the day ahead market.  ...  To a large extent, therefore, the foundations of the Californian energy crisis were struck in the political logic that shaped the initial restructuring legislation of 1996.  ... 
doi:10.1017/cbo9780511613807.025 fatcat:4um7rhs6n5fhrpcybfpkee2vye