Thanks to Green Mandates, Calif’s Electric Grid Near Collapse

Thanks to Green Mandates, Calif’s Electric Grid Near Collapse
(Jose Carlos Fajardo/Bay Area News Group via AP)

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.

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