List of Tables and Figures. List of Terms. nPreface. n1. Introduction. n2. Power Production Economics. n3. Principles of Traditional Regulation. n4. Reconciling Marginal Cost and Revenue Requirements. n5. Competitive Wholesale Markets for Electricity. n6. California's Market Design: an Initial Success Followed by a 'Perfect Storm'. n7. Design Flaws and a Worsening Crisis. n8. Testable Hypothesis. n9. Survey of Electricity Models for California. n10. An Economic Analysis of Natural Gas Price Movements During the Crisis. n11. An Econometric Analysis of Electricity Prices in California. n12. Market Manipulation. n13. Gaming and Cheating. n14. Market Monitoring and Initial Regulatory Response. n15. Refunds and Mitigation. n16. California Responds. n17. Handicapping the Winners. n18. Conclusion: Wrapping Up and Lessons Learned. nIndex. About the Authors.
Strong Public Policy approach
One of first books to offer a thorough analysis of California's recent electricity crisis n
All three authors are, or have been, consultants to the state of California and national instructions and organizations. Two of the three are also academics n
Places a strong focus on (de) regulation, (lack of) oversight, competition, and structural flaws embedded in California's energy infrastructure n
Supplemental textbook on energy economics, resource economics, and possibly California politics