Re: California Energy Crisis: a report from Cato

From: Robin Hanson (
Date: Mon Jul 30 2001 - 07:14:41 MDT

Chris Hibbert wrote:
>The one factor (rising prices) that would normally have allowed demand to
>react to supply prices was missing, and that allowed prices to go
>sky-high. The most important factor in fixing the problem is to remove
>the price caps. Moving some customers to real-time prices would help
>the situation.

This is also what I've heard was the key problem.

Robin Hanson
Asst. Prof. Economics, George Mason University
MSN 1D3, Carow Hall, Fairfax VA 22030-4444
703-993-2326 FAX: 703-993-2323

This archive was generated by hypermail 2b30 : Fri Oct 12 2001 - 14:39:59 MDT