4.8
stars
1,039 ratings

Lincoln Pratson

34,780 already enrolled

Offered By

Electric Industry Operations and Markets

Duke University

About this Course

49,103 recent views

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

100% online

Start instantly and learn at your own schedule.

Beginner Level

Approx. 8 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.

Beginner Level

Approx. 8 hours to complete

English

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

Try Coursera for Business

Instructor

Instructor rating

4.78/5 (295 Ratings)

Lincoln Pratson

Gendell Professor of Energy & Environment

Nicholas School of the Environment

145,996 Learners

2 Courses

Offered by

Duke University

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Syllabus - What you will learn from this course

Content Rating98%(3,509 ratings)

Week

Week 1

3 hours to complete

Electric Industry Operations

3 hours to complete

15 videos (Total 72 min)

15 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

4 practice exercises

Industry Overview30m

Generation30m

Transmission & Distribution30m

Load30m

Week

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 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

4 practice exercises

System Management30m

Regulation30m

Markets30m

External Market Forces30m

Reviews

4.8

278 reviews

5 stars
82.90%
4 stars
13.64%
3 stars
2.40%
2 stars
0.38%
1 star
0.67%

TOP REVIEWS FROM ELECTRIC INDUSTRY OPERATIONS AND MARKETS

by MHNov 14, 2021

Hi I finished this course, but when I got my degree, only my last name was mentioned incorrectly and my name was not written. Please provide me with a new document named Mahdi Hadizadeh. Thank you

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.

by FSApr 11, 2020

This course is really having a good side for my future career as i try to reach a physicist engineered application for my career, this is really recommended for everyone.

by SKDec 17, 2020

This course offered me a remarkable experience. As someone who is seeking a career in Energy, the topics discussed by the course were of immense value to me.

View all reviews

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Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
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