California Power Crisis : Lessons for Developing Countries
California introduced competition to its retail and wholesale power markets in 1998, but has experienced a major crisis during 2000 and into 2001. The paper attempts to gain an understanding of what has happened in California, and to draw lessons f...
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| Format: | ESMAP Paper |
| Language: | English en_US |
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2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/04/1733727/california-power-crisis-lessons-developing-countries http://hdl.handle.net/10986/20298 |
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okr-10986-202982021-04-23T14:03:37Z California Power Crisis : Lessons for Developing Countries World Bank AIR QUALITY BANKRUPTCY BARRIERS TO ENTRY BIDDING BULK SUPPLY BULK SUPPLY TARIFF COMPETITIVE POWER CONSUMERS DEREGULATION ECONOMIC GROWTH ECONOMISTS ELECTRICITY DEMAND ELECTRICITY RATES EMISSIONS ENERGY INDUSTRY ENERGY NEEDS ENERGY REGULATORY COMMISSION ENERGY SECTOR ENERGY TRADER FINANCIAL CRISIS GRID GRID POWER INSURANCE LIVING CONDITIONS MARKET POWER MARKET STRUCTURE NATURAL GAS NITROGEN OXIDES PERFECT COMPETITION POLLUTION POLLUTION PERMITS POVERTY ALLEVIATION POWER INDUSTRY POWER MARKETS POWER OUTAGES POWER PLANTS POWER SECTOR REFORM POWER SUPPLY POWER SYSTEM POWER SYSTEMS PRICE CAPS PRICE INCREASES PRICE REGULATION PRICE VOLATILITY PRODUCERS PRODUCTION COSTS PURCHASING PURCHASING POWER REGULATORY FRAMEWORK RETAIL RISK MANAGEMENT SALES SPOT MARKETS SPOT PRICES SPREAD SUPPLIERS SUPPLY CONTRACTS SUPPLY COSTS SURPLUS TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRANSITION ECONOMIES UNEMPLOYMENT California introduced competition to its retail and wholesale power markets in 1998, but has experienced a major crisis during 2000 and into 2001. The paper attempts to gain an understanding of what has happened in California, and to draw lessons from the California experience that are applicable to other countries. The paper begins with an overview of the key features of the 1998 California power sector reform: how it differs from reforms elsewhere, the events and actions that have put it in a crisis mode, and the main lessons that can be learned from the crisis. The main text is divided into two parts. Part I discusses in depth lessons learned, which concern mainly the establishment and regulation of a mandatory, wholesale power market based on spot pricing. Since this is not a near-term option for many developing countries, the paper also describes other, more-limited forms of competition that may suit their situations. Part II details the specific reforms initiated in California, reviews the factors that led to the crisis, and examines whether the crisis could have been avoided through better market design and management. 2014-09-30T18:40:10Z 2014-09-30T18:40:10Z 2001-04 http://documents.worldbank.org/curated/en/2001/04/1733727/california-power-crisis-lessons-developing-countries http://hdl.handle.net/10986/20298 English en_US Energy Sector Management Assistance Programme (ESMAP); CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research :: ESMAP Paper Publications & Research UNITED STATES |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AIR QUALITY BANKRUPTCY BARRIERS TO ENTRY BIDDING BULK SUPPLY BULK SUPPLY TARIFF COMPETITIVE POWER CONSUMERS DEREGULATION ECONOMIC GROWTH ECONOMISTS ELECTRICITY DEMAND ELECTRICITY RATES EMISSIONS ENERGY INDUSTRY ENERGY NEEDS ENERGY REGULATORY COMMISSION ENERGY SECTOR ENERGY TRADER FINANCIAL CRISIS GRID GRID POWER INSURANCE LIVING CONDITIONS MARKET POWER MARKET STRUCTURE NATURAL GAS NITROGEN OXIDES PERFECT COMPETITION POLLUTION POLLUTION PERMITS POVERTY ALLEVIATION POWER INDUSTRY POWER MARKETS POWER OUTAGES POWER PLANTS POWER SECTOR REFORM POWER SUPPLY POWER SYSTEM POWER SYSTEMS PRICE CAPS PRICE INCREASES PRICE REGULATION PRICE VOLATILITY PRODUCERS PRODUCTION COSTS PURCHASING PURCHASING POWER REGULATORY FRAMEWORK RETAIL RISK MANAGEMENT SALES SPOT MARKETS SPOT PRICES SPREAD SUPPLIERS SUPPLY CONTRACTS SUPPLY COSTS SURPLUS TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRANSITION ECONOMIES UNEMPLOYMENT |
| spellingShingle |
AIR QUALITY BANKRUPTCY BARRIERS TO ENTRY BIDDING BULK SUPPLY BULK SUPPLY TARIFF COMPETITIVE POWER CONSUMERS DEREGULATION ECONOMIC GROWTH ECONOMISTS ELECTRICITY DEMAND ELECTRICITY RATES EMISSIONS ENERGY INDUSTRY ENERGY NEEDS ENERGY REGULATORY COMMISSION ENERGY SECTOR ENERGY TRADER FINANCIAL CRISIS GRID GRID POWER INSURANCE LIVING CONDITIONS MARKET POWER MARKET STRUCTURE NATURAL GAS NITROGEN OXIDES PERFECT COMPETITION POLLUTION POLLUTION PERMITS POVERTY ALLEVIATION POWER INDUSTRY POWER MARKETS POWER OUTAGES POWER PLANTS POWER SECTOR REFORM POWER SUPPLY POWER SYSTEM POWER SYSTEMS PRICE CAPS PRICE INCREASES PRICE REGULATION PRICE VOLATILITY PRODUCERS PRODUCTION COSTS PURCHASING PURCHASING POWER REGULATORY FRAMEWORK RETAIL RISK MANAGEMENT SALES SPOT MARKETS SPOT PRICES SPREAD SUPPLIERS SUPPLY CONTRACTS SUPPLY COSTS SURPLUS TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRANSITION ECONOMIES UNEMPLOYMENT World Bank California Power Crisis : Lessons for Developing Countries |
| geographic_facet |
UNITED STATES |
| relation |
Energy Sector Management Assistance
Programme (ESMAP); |
| description |
California introduced competition to its
retail and wholesale power markets in 1998, but has
experienced a major crisis during 2000 and into 2001. The
paper attempts to gain an understanding of what has happened
in California, and to draw lessons from the California
experience that are applicable to other countries. The paper
begins with an overview of the key features of the 1998
California power sector reform: how it differs from reforms
elsewhere, the events and actions that have put it in a
crisis mode, and the main lessons that can be learned from
the crisis. The main text is divided into two parts. Part I
discusses in depth lessons learned, which concern mainly the
establishment and regulation of a mandatory, wholesale power
market based on spot pricing. Since this is not a near-term
option for many developing countries, the paper also
describes other, more-limited forms of competition that may
suit their situations. Part II details the specific reforms
initiated in California, reviews the factors that led to the
crisis, and examines whether the crisis could have been
avoided through better market design and management. |
| format |
Publications & Research :: ESMAP Paper |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
California Power Crisis : Lessons for Developing Countries |
| title_short |
California Power Crisis : Lessons for Developing Countries |
| title_full |
California Power Crisis : Lessons for Developing Countries |
| title_fullStr |
California Power Crisis : Lessons for Developing Countries |
| title_full_unstemmed |
California Power Crisis : Lessons for Developing Countries |
| title_sort |
california power crisis : lessons for developing countries |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2001/04/1733727/california-power-crisis-lessons-developing-countries http://hdl.handle.net/10986/20298 |
| _version_ |
1764437137065771008 |