Electric Industry Operations and Markets

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Description

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About this course: This is a two week course. In the first week you will learn about the core activities that the Industry executes to bring electricity to customers. We will review what electricity is, how it is generated, how it is transmitted, how it comes into buildings, and how consumption of electricity instantly feeds back on the transmission and generation of electricity. You will learn to: Define what electricity is; Describe how electricity is generated, transmitted and distributed; Describe how electricity is generated, transmitted and distributed; and Summarize how the consumption of electric energy instantly feeds back on the transmission and generation of electricity. In t…

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When you enroll for courses through Coursera you get to choose for a paid plan or for a free plan

  • Free plan: No certicification and/or audit only. You will have access to all course materials except graded items.
  • Paid plan: Commit to earning a Certificate—it's a trusted, shareable way to showcase your new skills.

About this course: This is a two week course. In the first week you will learn about the core activities that the Industry executes to bring electricity to customers. We will review what electricity is, how it is generated, how it is transmitted, how it comes into buildings, and how consumption of electricity instantly feeds back on the transmission and generation of electricity. You will learn to: Define what electricity is; Describe how electricity is generated, transmitted and distributed; Describe how electricity is generated, transmitted and distributed; and Summarize how the consumption of electric energy instantly feeds back on the transmission and generation of electricity. In the second week, the course shifts to the markets that drive Electric Industry operations. You will learn about the various costs of the electric industry’s core activities, how electricity is priced, the various ways that electric markets are structured, how these market structures determine which power plants are dispatched to produce electricity when, and how recent changes in generator fuel prices, generation technology, market regulations, and environmental regulations are transforming both Electric Industry Markets and Operations. You will learn to: Describe the main cost components to the electric system; Compare the costs of different types of power plants; Interpret the retail pricing of electricity; Explain the different types of electric markets and understand how they operate to dispatch electric supply to meet demand in real time; and Explain why and how the electric industry is regulated.

Who is this class for: This course is for anyone with an interest in the electric industry. There are no prerequisites for the course.

Created by:  Duke University
  • Taught by:  Lincoln Pratson, Gendell Professor of Energy & Environment

    Nicholas School of the Environment
Level Beginner Commitment 3-4 hours per week Language English How To Pass Pass all graded assignments to complete the course. User Ratings 4.8 stars Average User Rating 4.8See what learners said Coursework

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Duke University Duke University has about 13,000 undergraduate and graduate students and a world-class faculty helping to expand the frontiers of knowledge. The university has a strong commitment to applying knowledge in service to society, both near its North Carolina campus and around the world.

Syllabus


WEEK 1


Electric Industry Operations



In the operations module, you will learn about the core activities that the Industry executes to bring electricity to customers. We will review what electricity is, how it is generated, how it is transmitted, how it comes into buildings, and how consumption of electricity instantly feeds back on the transmission and generation of electricity.


15 videos expand


  1. Video: Course Introduction
  2. Video: Electric Industry Overview
  3. Video: What Electricity Is
  4. Video: Charge, Current, Voltage, and Resistance
  5. Video: Electric Power, Electric Energy, and Ohm's Law
  6. Video: A Circuit Model of the Electric System
  7. Video: Electromagnetism
  8. Video: Power Plants
  9. Video: Capacity Factor
  10. Video: How a Transformer Works
  11. Video: Transmitting and Distributing Electricity
  12. Video: Power Line Loss
  13. Video: Electric System Basics in Buildings
  14. Video: Lamp to Plant
  15. Video: Daily and Seasonal Variations in Electric Load

Graded: Industry Overview
Graded: Generation
Graded: Transmission & Distribution
Graded: Load

WEEK 2


Electricity Industry Markets



In this second module, the course shifts to the markets that drive Electric Industry operations. You will learn about the various costs of the electric industry’s core activities, how electricity is priced, the various ways that electric markets are structured, how these market structures determine which power plants are dispatched to produce electricity when, and how recent changes in generator fuel prices, generation technology, market regulations, and environmental regulations are transforming both Electric Industry Markets and Operations.


16 videos expand


  1. Video: Managing Supply to Meet Demand
  2. Video: The Need for Different Power Plants
  3. Video: Levelized Cost of Electricity
  4. Video: Retail Pricing of Electricity
  5. Video: The Need for Regulation
  6. Video: Who Regulates What
  7. Video: Major Federal Regulations
  8. Video: Existing Electric Market Structures
  9. Video: Ideal Economic Dispatch
  10. Video: Generator Selling Price
  11. Video: Actual Economic Dispatch
  12. Video: Relationship Between Wholesale and Retail Prices
  13. Video: Impact of Fuel Prices
  14. Video: Impact of Government Regulations
  15. Video: Impact of Government Incentivies
  16. Video: Growth in Renewable Electricity Generation

Graded: System Management
Graded: Regulation
Graded: Markets
Graded: External Market Forces
Graded: Electric Industry Operations and Market Assignment
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