To What Extent Was The Policy Of Deregulation In The Energy Market Responsible For The California Electricity Crisis?

3761 words - 15 pages

Extended EssayEconomics HLAbstractThe topic I chose to investigate for this extended essay was the manipulation of the deregulated Californian energy market by the Enron Corporation. This extended essay focuses on the economic aspect of market failure in the energy market due to the deregulation and consequent manipulation of the market rather than the business aspect of Enron Corporation.Contents PageTitle Page……………………………………………………….……1Abstract……………………………………………………………...2Contents Page………………………………………………….…….3Introduction………………………………………………….……...4Deregulation Process…………………………………………….….51.Changes in Market Structure………………………………....52.Effects of Deregulation……………………………….………7Analysis of Factors………….………………………………….……81.Market Manipulation…………………………………….…....82.Price Controls…………………………………………….…...93.High Temperatures…………………………………………...10Market...

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