Courses for Californian water resources

What major changes have been made to California’s power trading operations, and have these changes contributed to a more stable and predictable environment for the buying and selling of electricity in California?

On January 17, 2001, 100% of our electricity purchases were done in the spot market. CERS [California Energy Resources Scheduling] had no long- or short-term power under contract, so all the power we needed had to be bought on the spot market – the day-ahead, hour-ahead or real-t