This time, “rolling blackouts” are due to green energy issues, not Enron market manipulation.
Remember when California imposed rolling blackouts in 2000 and 2001? This occurred when California had a shortage of electricity supply caused by electricity market manipulations. A demand-supply gap was created, mainly by Enron, to create an artificial shortage so speculators could benefit from an 800 percent increase in wholesale electricity prices. As a result, California suffered from multiple large-scale blackouts. Now an electricity shortage coupled with rolling blackouts is happening again, but for a different reason.