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:
Electric Industry Operations and Markets
Duke UniversityAbout this Course
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Learner Career Outcomes
62%
started a new career after completing these courses
45%
got a tangible career benefit from this course
25%
got a pay increase or promotion
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Flexible deadlines
Reset deadlines in accordance to your schedule.
Beginner Level
Approx. 7 hours to complete
English
Subtitles: English, Spanish
Learner Career Outcomes
62%
started a new career after completing these courses
45%
got a tangible career benefit from this course
25%
got a pay increase or promotion
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Flexible deadlines
Reset deadlines in accordance to your schedule.
Beginner Level
Approx. 7 hours to complete
English
Subtitles: English, Spanish
Offered by
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 - What you will learn from this course
2 hours to complete
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.
2 hours to complete
15 videos (Total 72 min)
15 videos
Electric Industry Overview4m
What Electricity Is4m
Charge, Current, Voltage, and Resistance5m
Electric Power, Electric Energy, and Ohm's Law3m
A Circuit Model of the Electric System4m
Electromagnetism5m
Power Plants4m
Capacity Factor4m
How a Transformer Works4m
Transmitting and Distributing Electricity4m
Power Line Loss3m
Electric System Basics in Buildings9m
Lamp to Plant5m
Daily and Seasonal Variations in Electric Load3m
4 practice exercises
Industry Overview20m
Generation16m
Transmission & Distribution16m
Load16m
5 hours to complete
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.
5 hours to complete
16 videos (Total 90 min)
16 videos
The Need for Different Power Plants5m
Levelized Cost of Electricity6m
Retail Pricing of Electricity4m
The Need for Regulation4m
Who Regulates What1m
Major Federal Regulations5m
Existing Electric Market Structures6m
Ideal Economic Dispatch6m
Generator Selling Price4m
Actual Economic Dispatch3m
Relationship Between Wholesale and Retail Prices8m
Impact of Fuel Prices6m
Impact of Government Regulations6m
Impact of Government Incentivies9m
Growth in Renewable Electricity Generation1m
4 practice exercises
System Management18m
Regulation16m
Markets20m
External Market Forces18m
Reviews
TOP REVIEWS FROM ELECTRIC INDUSTRY OPERATIONS AND MARKETS
by SLMay 5, 2020
Great course with a superb faculty. Learnt a lot about the industry and market regulations of electricity. Would really recommend this course to all who are interested in electric industry.
by CCJul 14, 2020
Understanding the concepts of Electricity Market in its relevance and complexity made me realize how it is even more important that electricity will be delivered even to farthest hinterlands.
by AMJan 7, 2018
This course is very helpful for me and for all those who study electric industry operations and markets. The professor explained it very well and its a one of the best course i have taken
by AJOct 18, 2019
Great overview on how electric industries works, specially the relationship between regulator, system operator, utilities and other actors. More advanced course could be interesting.
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