The Trouble with Electricity Markets

Borenstein, S. (2002). The Trouble with Electricity Markets: Understanding California's Restructuring Disaster. Journal of Economic Perspectives, 16(1), 191-211.

Type

Journal article

Intellectual base

Primary research

Year

2002

DOI

10.1257/0895330027175

Link

https://doi.org/10.1257/0895330027175

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Mechanisms

• Price-Control Redesign
  • The protection is real, but the cap is now the wedge: suppliers under-recover

    This sourceShows how regulated retail prices below wholesale costs created utility losses while insulating customers from scarcity signals and incentives to reduce peak demand.

Verification

This reference passed the adversarial substantiation pipeline: it was checked to exist and to support the claim it is attached to. See how references were verified.

Registry ID ref:b14457bece3d · see in the full table