Electric Industry Operations and Markets
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.
Monthly Subscription Starting at AED 99 + VAT
- Level Foundation
- Duration 8 hours
- Course by Duke University
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Offered by
About
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.Modules
Course Introduction
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1
Videos
1
Videos
- Course Introduction
Electric Industry Technology
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5
Videos
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1
Assignment
1
Assignment
- Industry Overview
5
Videos
- Electric Industry Overview
- What Electricity Is
- Charge, Current, Voltage, and Resistance
- Electric Power, Electric Energy, and Ohm's Law
- A Circuit Model of the Electric System
Electricity Generation
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3
Videos
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1
Assignment
1
Assignment
- Generation
3
Videos
- Electromagnetism
- Power Plants
- Capacity Factor
Transmission & Distribution
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3
Videos
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1
Assignment
1
Assignment
- Transmission & Distribution
3
Videos
- How a Transformer Works
- Transmitting and Distributing Electricity
- Power Line Loss
Load
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3
Videos
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1
Assignment
1
Assignment
- Load
3
Videos
- Electric System Basics in Buildings
- Lamp to Plant
- Daily and Seasonal Variations in Electric Load
Electric System Management
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4
Videos
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1
Assignment
1
Assignment
- System Management
4
Videos
- Managing Supply to Meet Demand
- The Need for Different Power Plants
- Levelized Cost of Electricity
- Retail Pricing of Electricity
Regulation
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3
Videos
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1
Assignment
1
Assignment
- Regulation
3
Videos
- The Need for Regulation
- Who Regulates What
- Major Federal Regulations
Markets
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5
Videos
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1
Assignment
1
Assignment
- Markets
5
Videos
- Existing Electric Market Structures
- Ideal Economic Dispatch
- Generator Selling Price
- Actual Economic Dispatch
- Relationship Between Wholesale and Retail Prices
Impact of External Market Forces
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4
Videos
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1
PeerReview
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1
Assignment
1
Assignment
- External Market Forces
1
Peer Review
- Electric Industry Operations and Market Assignment
4
Videos
- Impact of Fuel Prices
- Impact of Government Regulations
- Impact of Government Incentivies
- Growth in Renewable Electricity Generation
Auto Summary
Explore the fascinating world of the electric industry with the "Electric Industry Operations and Markets" course. Designed for science and engineering enthusiasts, this foundational course offered by Coursera spans over two weeks, providing an in-depth understanding of how electricity is delivered from generation to consumption and the market dynamics that influence this process. Week one dives into the essential operations of the electric industry. You'll gain a comprehensive understanding of what electricity is, its generation, transmission, and distribution processes, and the immediate feedback loop between electricity consumption and supply. In the second week, the focus shifts to the economic aspects of the industry. You'll explore the costs associated with electricity production, how electricity is priced, and the structure of electric markets. The course also covers the dispatch of power plants, the impact of changing fuel prices, advancements in generation technology, and the role of market and environmental regulations on the industry. Guided by experienced instructors, you'll learn to: - Define and describe the processes involved in electricity generation, transmission, and distribution. - Analyze the costs of different types of power plants and retail electricity pricing. - Understand the operation of various electric markets and the regulatory environment. With a total duration of 480 minutes and available under the Starter subscription, this course caters to those looking to build a solid foundation in electric industry operations and markets. Whether you're a student, a professional, or simply curious about the field, this course is tailored to equip you with valuable insights and practical knowledge.
Lincoln Pratson