TY - JOUR AB - Between May 2000 and January 2001, the recently deregulated electricity market in the state of California experienced what many commentators have characterized as a meltdown. Over that period, wholesale electricity prices increased over 500%, power emergencies and the threat of rolling blackouts became daily occurrences, and the state's largest investor-owned utility was thrust into bankruptcy. Details California's attempt to deregulate its wholesale and retail electricity markets.To identify the drivers of increases in the wholesale price of electricity in California and to provide an opportunity to diagnose the causes of California's crisis. VL - IS - SN - 2474-6568 DO - 10.1108/case.kellogg.2016.000051 UR - https://doi.org/10.1108/case.kellogg.2016.000051 AU - Al-Najjar Nabil AU - Besanko David AU - Nag Amit PY - 2017 Y1 - 2017/01/01 TI - California Power Crisis T2 - Kellogg School of Management Cases PB - Kellogg School of Management SP - 1 EP - 23 Y2 - 2024/04/19 ER -