The Cal-ISO prediction of 34 days of blackouts this summer was predicated on a peak of about 44,000 megawatts. Other estimates have the peak as more like 50,000. Even at 34 days, that's, given summer is three months, a blackout somewhere every third day.
The economic repercussions of this will be severe and long-lasting.
OK, LBO'ers. The conservatives say that price caps are only a short-term fix, that, under price caps, the price tends to rise to the capped price and stay there, and thus costs more. Plus, under price caps, out of state suppliers may stop selling to California if they can get higher rates elsewhere. What's a good Leftie rebuttal to this?