Load-Centered Power Generation in Burbank, Glendale, and Pasadena: Potential Benefits for the Cities and for California
RAND CORP SANTA MONICA CA
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For the first two years after California deregulated the states electricity sector, the restructured system seemed to work as intended-consumers and businesses paid less for electricity in the new competitive marketplace. But in the summer of 2000, the prices on the spot market for electricity spiked, the cost of power increased tenfold, and the first power shortages appeared, culminating in rolling blackouts during the following winter. More than 30 days of rolling blackouts were predicted statewide for the summer of 2001, with shortages during peak times estimated at 5,000 megawatts-or about 8 percent of demand. There is the potential for continued price spikes and shortages through the winter of 2002 and possibly through 2004 if demand remains strong and current capacity expectations do not materialize.
- Electric Power Production and Distribution