In california you had traders turning off power plants so that energy had to be purchased from other places at higher price. That is not speculating, that is b

In california you had traders turning off power plants so that energy had to be purchased from other places at higher price. That is not speculating, that is blatant abuse and lack of properly written contracts. They exploited a loophole in a newly created market, this would eventually be fixed as the contracts would have provisions so that what they were doing would be prohobited.