The main problem is that there is no truly competitive market in electric power in California at the wholesale level. Not enough players, not enough generating capacity, and not enough transmission lines. Any one of the larger energy suppliers can drive the price into the statosphere during periods of high demand by witholding power.
What a piece of Bravo Sierra. Wilson signed the bill created by the Rats, and Davis was on the sidelines with his rats as the phoney deregging bill was made.
I don't absolve Petey Wilson from signing this but to say he set this up is pure third party Bravo Sierra! Wilson was a POS in many cases, but blaming him for all this is like those who tried to blame GW for the power crisis last year.