🚀 go-pugleaf

I don't live in CA, but I've been here in the San Diego
area for about 7 weeks now.  Maybe my perspective is
a bit tainted by having a degree in Economics, but my
take on the problem is quite different from what is
being reported in the news media.  I see two issues
completely different.

1.  High prices are NOT the problem, they are the
symptom of a different problem; a disjoint between
supply and demand.  A professional economist would
use terms like "marginal demand", 'elasticity", and
"marginal supply", but basically what they're saying
is that market forces are really working given that
supplies are artificially constrained but demand is
not.

2.  The CA electrical power industry was NEVER deregulated.
Calling a law "deregulation" and then artificially
constraining prices, restricting supply, forcing
divestiture of assets, and limit purchase contracts
is laughable.  Perhaps the law was crafted by people
whose nature is to oppose free markets, but all the while
knowing that their law would ultimately fail and thus
turning the populace away from real deregulation.  I'm
not say that there was some backhanded plot to destroy
any future real deregulation, but that has surely been
the result.  The amazing part is that the news media
still refers to the "power deregulation" law, as if
there really was such a law.

Well, these are my observations, as a outsider that will
soon return home.