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.
Globe

100% online course

Start instantly and learn at your own schedule.
Beginner Level

Beginner Level

Clock

Approx. 9 hours to complete

Suggested: 3-4 hours per week
Comment Dots

English

Subtitles: English
Globe

100% online course

Start instantly and learn at your own schedule.
Beginner Level

Beginner Level

Clock

Approx. 9 hours to complete

Suggested: 3-4 hours per week
Comment Dots

English

Subtitles: English

Syllabus - What you will learn from this course

1

Section
Clock
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....
Reading
15 videos (Total 72 min), 4 quizzes
Video15 videos
Course Introduction5m
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
Quiz4 practice exercises
Industry Overview20m
Generation16m
Transmission & Distribution16m
Load16m

2

Section
Clock
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....
Reading
16 videos (Total 90 min), 5 quizzes
Video16 videos
Managing Supply to Meet Demand6m
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
Quiz4 practice exercises
System Management18m
Regulation16m
Markets20m
External Market Forces18m
4.7
Direction Signs

50%

started a new career after completing these courses
Briefcase

83%

got a tangible career benefit from this course

Top Reviews

By AM•Jan 8th 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 CN•Jul 24th 2017

Fantastic class! I was impressed by the high quality of peer-graded submissions, and I believe the instructors/course creators deserve a lot of credit for that outcome.

Instructor

Avatar

Lincoln Pratson

Gendell Professor of Energy & Environment

About 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....

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