School of Science and Technology, MSc in Energy Systems
Dr Perrakis, Konstantinos
Dr Psychoyios, Dimitrios
Dr Panagos, Theodoros
This dissertation was written as a part of the MSc in Renewable Energy Systems at the International Hellenic University. The goal of the entire research is to indicate all the reasons of the California Electricity Crisis of the 2000-2001. Through the detailed analysis of all the interactions between the initial faulty deregulation design, the several unfortunate events, the market manipulation, the political reluctance and the shortsighted regulation, and in direct comparison with the regulatory measures taken to relieve the situation, we have extracted all the critical conclusions of the deregulation process. Finally we have isolated all the factors that played a key role to the California Electricity Crisis and contrasted them with their counterparts in the Hellenic Electricity Sector. The results showed us that a similar electricity crisis in Greece is not likely to happen, but since the EU demands the compliance with the Target Model, the impending deregulation of the Hellenic market should be made with careful steps and with constant supervision of the regulatory authorities.
I would like to express my gratitude to my supervisor professor, dr Theodoros Panagos, for the useful comments, remarks and engagement through the entire research process of this dissertation. His expertise and his guidance helped me to develop my critical skills while obtaining valuable knowledge. Also I would like to thank my family for motivating me in pursuing my dreams.