4.8
stars
1,099 ratings

Lincoln Pratson

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Electric Industry Operations and Markets

Duke University

About this Course

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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.

Flexible deadlines

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Shareable Certificate

Earn a Certificate upon completion

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Coursera Labs

Includes hands on learning projects.

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Beginner Level

Approx. 7 hours to complete

English

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Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Coursera Labs

Includes hands on learning projects.

Learn more about Coursera Labs

Beginner Level

Approx. 7 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.79/5 (321 Ratings)

Lincoln Pratson

Gendell Professor of Energy & Environment

Nicholas School of the Environment

150,060 Learners

2 Courses

Offered by

Duke University

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Syllabus - What you will learn from this course

Content Rating98%(3,654 ratings)

Week1

Week 1

3 hours to complete

Electric Industry Operations

3 hours to complete

15 videos (Total 72 min)

15 videos

Course Introduction5mElectric Industry Overview4mWhat Electricity Is4mCharge, Current, Voltage, and Resistance5mElectric Power, Electric Energy, and Ohm's Law3mA Circuit Model of the Electric System4mElectromagnetism5mPower Plants4mCapacity Factor4mHow a Transformer Works4mTransmitting and Distributing Electricity4mPower Line Loss3mElectric System Basics in Buildings9mLamp to Plant5mDaily and Seasonal Variations in Electric Load3m

4 practice exercises

Industry Overview30mGeneration30mTransmission & Distribution30mLoad30m

Week2

Week 2

4 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.

4 hours to complete

16 videos (Total 90 min)

16 videos

Managing Supply to Meet Demand6mThe Need for Different Power Plants5mLevelized Cost of Electricity6mRetail Pricing of Electricity4mThe Need for Regulation4mWho Regulates What1mMajor Federal Regulations5mExisting Electric Market Structures6mIdeal Economic Dispatch6mGenerator Selling Price4mActual Economic Dispatch3mRelationship Between Wholesale and Retail Prices8mImpact of Fuel Prices6mImpact of Government Regulations6mImpact of Government Incentivies9mGrowth in Renewable Electricity Generation1m

4 practice exercises

System Management30mRegulation30mMarkets30mExternal Market Forces30m

Reviews

4.8

310 reviews

5 stars
83.22%
4 stars
13.43%
3 stars
2.25%
2 stars
0.36%
1 star
0.72%

TOP REVIEWS FROM ELECTRIC INDUSTRY OPERATIONS AND MARKETS

by ISFeb 3, 2021

This course covers the basic knowledge of electric industries. Hence it is good for undergraduates who does not have prior knowledge of electric industries.

by DJAug 10, 2020

Content was easy to follow and digest - it was a good refresher course for me as I've been in the industry for some time, but within the IT discipline. Learned some new things along the way too.

by APMar 6, 2020

It was a really good course but I think that the energy scenario of the entire world could have been explained in short instead of only USA. But a very helpful course otherwise.

by JAMar 17, 2021

very exciting course about the electric markets and its operations.......recommend this course for all those who are seeking a basic understanding of the workings of the electric industry.

View all reviews

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Is financial aid available?
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Will I receive a transcript from Duke University for completing this course?
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Electric Industry Operations and Markets

Electric Industry Operations and Markets

About this Course