Energy Subsidies in California's Electricity Market Deregulation.

Energy Policy. V. 31, No. 13, pp. 1379-1391. Alexander Ritschel and Greg Smestad. Many interventions implemented by the state to smooth out the impacts of the energy crisis insulated electricity consumers from market realities and supported the existing structure of California’s electricity market, which is predominantly based on fossil fuels, while suppressing market incentives to improve energy conservation.