Electricity Industry Operations and Market

This is a very crisp, composed but very informative, designed and depicted course. Several intricacies of the electricity industry and economics have accurately and clearly corresponded. Another great course by Duke University on Coursera! Click here to read notes.

I.  Introduction

    A. Electric Industry Technology

        - Overview

        - What electricity is

        - Charge, Current, Voltage and Resistance

        - Electric Power, Energy and Ohms law

        - A circuit model of the electric system

    B. Electricity Generation

        - Electromagnestism

        - Power plants

        - Capacity factor

    C. Transmission and Distribution

        - How a transformer works

        - Transmitting and distributing electricity

        - Power line loss

    D. Load

        - Electric system basics in buildings

        - Lamp to plant

        - Daily and seasonal variations in electric load

II. Markets

    A. Electric System Management

        - Managing supply to meet demand

        - The need for different power plants

        - Levelized cost of electricity

        - Retail pricing of electricity

    B. Regulation

        - The need for regulation

        - Who regulates what

        - Major federal regulaltions

    C. Markets

        - Existing electric market structures

        - Ideal economic dispatch

        - Generator selling price

        - Relationship between wholesale and retail prices

     D. Impact of external market forces

        - Impact of fuel prices

        - Impact of government regulations

        - Impact of government incentives

        - Growth in renewable electricity generation