They're working in a partially deregulated market, where wholesale prices can rise to the sky and retail ones are fixed. California's regulatory experiment has failed, and it may cause some real problems outside of California's borders as well. Poorly conceived policy, badly implemented.
Picture blackouts in Silicon Valley.
After all, we're freezing out here, while in California, as always, the weather is mostly beautiful. I'm not sure what Californians are complaining about. Most people never even get to visit California. California, were it an independent country, would be the sixth-largest economy in the world. If you thought things were bad when Thailand cratered in 1997, just imagine what would happen if California's economy gets blasted.