California Power Facing Biggest Test Since Enron: Energy Markets
California may face the biggest regional power shortages in more than a decade this summer, sending wholesale prices higher, as idled nuclear reactors and low hydroelectric output cut generating capacity.
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#1 Apr 20, 2013
"These regulations will reduce California’s reserve margins from 40 percent this year to about half of that by 2020 and shift supplies to more variable sources such as wind and solar that depend on the weather, said Dumoulin-Smith."
"“This summer if there is an issue, it would highlight those structural problems because you are going to lose capacity,” he said."
Moral of the story, manipulation of the power supply by creating outages by taking plants offline for "unscheduled" maintenance is illegal. But regulating plants offline that could cause the same problems ENRON did in 2000-1 is O.K.
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