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2000–2001 California electricity crisis
Electricity crisis in California in 2000–2001
2000–2001 California electricity crisis
The 2000–2001 California electricity crisis, also known as the Western U.S. energy crisis of 2000 and 2001, was a period during which the state of California experienced an electricity shortage caused by market manipulation and capped retail electricity prices. The state suffered multiple large-scale blackouts, one of its largest energy companies collapsed, and the economic fall-out greatly harmed the standing of Governor Gray Davis. Drought and delays in the approval of new power plants also decreased supply. This caused an 800% increase in wholesale electricity prices from April 2000 to December 2000. In addition, rolling blackouts adversely affected many businesses dependent on a reliable supply of electricity and inconvenienced many retail consumers. California had an installed generating capacity of 45 GW (gigawatts, or billions of watts). At the time of the blackouts, demand was 28 GW. A supply-demand gap was created by energy companies, mainly Enron, to create artificial shortages...
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