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Das kalifornische Strommarktdebakel ; Von Liberalisierungsversprechen und Regulierungsversagen

  • Lars Kumkar

Im Mittelpunkt dieses Beitrags steht eine Analyse des kalifornischen Strommarktdebakels und der Lehren aus den dortigen Ereignissen. Das Papier geht auf die Entwicklung der Märkte ein und zeigt die Gründe für das Scheitern des kalifornischen Übergangsmodells auf. Die Analyse zeigt, dass es sich in der kalifornischen Stromwirtschaft derzeit möglicherweise nur um die Ruhe vor dem nächsten Sturm handelt. Zentrale Fragen der Regulierungspolitik sind ungeklärt und die kalifornische Politik scheint derzeit nicht in der Lage, die Probleme zu lösen, die sie zum großen Teil selbst verursacht hat. Das Papier zeigt aber auch, dass den europäischen Märkten aus mehreren Gründen gegenwärtig kein ähnliches Schicksal droht wie dem kalifornischen. This paper discusses the California electricity market debacle and asks which lessons could be drawn from the Californian experience. It analyzes the market developments and depicts the reasons for the market meltdown. It is shown that the present situation in California may be only the calm before the next storm. Essential questions concerning regulatory policy are unsettled, and the Californian policymakers at present do not seem to be able to resolve the problems largely stemming from their own past decisions. The paper however argues that for several reasons a similar fate does not threaten the European electricity markets at present.

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Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1097.

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Length: 40 pages
Date of creation: Feb 2002
Date of revision:
Handle: RePEc:kie:kieliw:1097
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  1. Paul L. Joskow, 2001. "California's Electricity Crisis," Oxford Review of Economic Policy, Oxford University Press, vol. 17(3), pages 365-388.
  2. Lars Kumkar, 2001. "Die Grundzüge der Strommarktregulierung auf der Bundesebene der Vereinigten Staaten und in Kalifornien," Kiel Working Papers 1022, Kiel Institute for the World Economy.
  3. Severin Borenstein & James Bushnell & Christopher R. Knittel & Catherine Wolfram, 2001. "Trading Inefficiencies in California's Electricity Markets," NBER Working Papers 8620, National Bureau of Economic Research, Inc.
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