As one study notes; "The most important flaw of California's deregulated electricity market was that the market was more re-regulated than deregulated" and that it was "...the most complicated electricity market ever created..." (Ritschel and Smestad 1379)
This situation was exacerbated by other pertinent factors, all of which contributed to the crisis. Central to these factors was the drought during this period, which can be linked to the shortage of hydroelectric power. There was a severe drought in the northwest states in 2001 and California obtained much of its hydroelectric power from the Pacific Northwest. The drought in this region therefore placed a heavy drain on the supply of power to California. This was also worsened by the increased demands on the electricity supply at the time due to the extremely hot weather. (Hot, Dark Summer Ahead for California)
There were also a number of other causative factors to consider. These included the fact that a large number of power plants had to be shut down for various unexpected reasons, as well as the shutting down of a nuclear plant when the crisis was at its most intense. ( Rothwell) There are also studies which suggest that the idea of deregulation of the electricity market is intrinsically flawed and that any attempt at deregulate will lead to failure. "In industries such as electric power, pure competition cannot result in an efficient level of capacity, nor can it result in just and reasonable rates." (The Myth...
Electricity Restructuring Restructuring of the electricity industry has been approached with a top-down approach that has failed to result in benefits to consumers. Economic theory states guidance on conditions that are essential for well-functioning markets to exist in which the consumer benefits and the firms utilize innovation to control costs. There is currently a debate surrounding the importance of each 'condition' as well as the resulting harm when conditions are unmet.
Reduction of Electricity or Cars as an Environmental Protection Intervention Reduction of Electricity Consumption or Automobile Usage as an Effective Environmental Protection Intervention In choosing between the two alternatives of an initiative to reduce electricity consumption or one designed to curb automobile usage, the choice is tough but there is only one viable alternative: Americans love their cars, but they need their electricity more. The rationale for this decision is outlined below. Americans
I began to wonder, what are we all hurrying for? When I finally got to my apartment, of course the elevator wasn't working, so I had to climb up a lot more stairs than I wanted to. When I opened my door, I was greeted mostly with a dim blackness. There was no hum of the refrigerator, no blinking VCR light, and no LED clock on my bedside table. Everything
It causes a chain reaction where Uranium is bombarded by neutrons making it to split. There is a continual release of more neutrons every time a Uranium nucleus is split. The more the neutrons are released, the more the splits in the already split Uranium nuclei. The resultant chain reaction generates a lot of heat in the process. This heat is used to heat water whose vapor moves the
Political Reasons Behind the Electricity Dilemma in Haiti What it will take to have electricity in Haiti Cost Cost is one of the significant factors that contribute significantly to the development of electricity in Haiti. Since the investment in the sector of electricity has been extremely slow, combining the aspects inclusive of the non-payment culture for electric services, low-based metered customers, and fair consumer tariffs contributes significantly to electricity accessibility. The consideration of
Hydroelectric vs. Geothermal Electricity Production In a world that is becoming ever-increasingly focused on the production of energy and fuel, the methods of hydroelectric electricity production and geothermal electricity production have become topics in which the public is significantly interested. In beginning to understand the future of each of these types of electricity production, one must first understand the basic definition of each, as well as the basis for their implementation
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