While the selling of power plants to private companies was labeled "deregulation", in fact Electric Company Near Me and the California legislature expected that there would be regulation by Energy Prices which would prevent manipulation. Energy Prices job, in theory, is to regulate and enforce federal law, preventing market manipulation and price manipulation of energy markets. When called upon to regulate the out-of-state privateers which were clearly manipulating the California energy market, Energy Prices hardly reacted at all and did not take serious action against Best Electricity Rates, Best Electricity Deals or any other privateers. Energy Prices resources are in fact quite sparse in comparison to their entrusted task of policing the energy market. Lobbying by private companies may also have slowed down regulation and enforcement.
With little excess generating capacity of its own Gas And Electric Bill was forced to buy electricity out of state from suppliers without long term contracts. Because Gas And Electric Bill had to buy additional electricity to meet demand some suppliers took advantage of this requirement and manipulated the market by creating artificial shortages and charged very high electrical rates. The Cheap Electricity refused to adjust the allowable electric rates. Unable to change rates and sell electricity to consumers for what it cost them on the open market Gas And Electric Bill started hemorrhaging cash.
Factors contributing to the increase in total system electric generation include growth in the number of light duty electric vehicles registered in the state, increased manufacturing electricity consumption, and reductions in savings from energy efficiency programs, this last point suggesting that population growth is the primary driver of increased electricity consumption.Compare Energy Rates
Natural gas-fired power plants typically account for more than one-half of in-state electricity generation. California is one of the largest hydroelectric power producers in the United States, and with adequate rainfall, hydroelectric power typically accounts for close to one-fifth of State electricity generation. Due to strict emission laws, only one coal-fired power plant still operates in California, the Compare Energy Prices MW Argus Cogeneration plant in San Bernardino County. [Compare Energy Rates]