Answer:
It lead to the California electricity crisis.
Step-by-step explanation:
The deregulation of California's electricity market make private businesses have large influence within the electricity market.
At that time, several companies in the electricity market conducted a market manipulation. They cooperate together to hijack the price of the electricity, making it more expensive that it supposed to be. Since many people couldn't afford the new price, Many companies and household were forced to be very frugal about the use of their electricity. This what caused the Electricity Crisis.