Study theme
The 2000 to 2001 California electricity crisis is a grid reliability case study in market design, dispatch incentives, transmission congestion, generation availability, price signals, utility credit stress and the interaction between commercial rules and physical power delivery.
Sources
FERC Western Markets Investigation Material
Useful for studying market design, congestion management, anomalous bidding, scarcity pricing and the relationship between market rules and physical grid reliability.
http://www.ferc.gov/industries/electric/indus-act/wec.aspFERC Western Markets Summary Findings
Public regulator source covering reported trading patterns and market behaviours during the California electricity crisis.
http://www.ferc.gov/industries/electric/indus-act/wec/enron/summary-findings.pdf