California was one of the first to move to a wholesale electricity market. The only problem was they didn't have provisions to take care of gaming and market po

California was one of the first to move to a wholesale electricity market. The only problem was they didn't have provisions to take care of gaming and market power and ENRON figured out how to make millions upon millions from it. Since then, all the wholesale electricity markets in the US have to have market monitors that look for these kinds of abuses and have authority to fix. There are certainly still major issues with the designs, but we shouldn't have another problem like what California had in the early 2000s.