> The actual thing they did is deregulate their (residential) electricity market, which only Massachusetts followed suit with. California did that for a few y

> The actual thing they did is deregulate their (residential) electricity market, which only Massachusetts followed suit with. California did that for a few years. Auctions every half hour, everyone pays the spot price. It was too exploitable by energy traders and resulted in blackouts. Also, PG&E went bankrupt, after a century as a regulated utility. The current system trades energy mostly on a day-ahead basis, which is more stable.