Failure by Design: The California Energy Crisis and the Limits of Market Planning

The California electricity crisis in 2000 caused billions in losses and led to bankruptcy for one of the state's largest utilities. More than 20 years later, the question remains: Why did the newly created electricity markets fail? In "Failure by Design," Rilinger explores practical obstacles to market design to offer a new explanation for the crisis - one that moves beyond previous interpretations that have primarily blamed incompetent politicians or corrupt energy sellers.

From Summer 2025 recommended reading from MIT (MIT News).