Electric Industry Operations and Markets

Go to Course: https://www.coursera.org/learn/electricity

Introduction

**Course Review: Electric Industry Operations and Markets** **Overview:** The "Electric Industry Operations and Markets" course offered on Coursera is a comprehensive two-week program designed to provide a solid foundation in understanding the essential elements of the electric industry. This course navigates through the intricate systems that allow electricity to flow from generation to consumption, while contextualizing the economic factors that influence operations and market behavior. **Course Structure:** The course is structured into two main modules, each lasting one week. 1. **Electric Industry Operations:** In the first week, students are introduced to the fundamental workings of the electric industry. This includes a thorough exploration of what electricity is, its generation methods, transmission systems, and how it is distributed to end-users. The course adeptly illustrates the critical feedback loop between electricity consumption and supply, emphasizing that demand influences how electricity is generated and transmitted in real-time. By the end of this module, students will be able to define electricity and describe the operational framework of its lifecycle. 2. **Electricity Industry Markets:** The second module transitions from operations to the economic aspects of the electric industry. Here, students delve into the complexities of market structures and pricing mechanisms that dictate the supply and demand of electricity. This module elucidates how the costs associated with electricity generation and distribution are formulated, alongside the various market structures that influence the dispatch of power plants. Furthermore, the course discusses contemporary issues such as fluctuating fuel prices and evolving regulations, providing crucial insights into how these factors are reshaping the landscape of Electric Industry Markets. **Why You Should Enroll:** The "Electric Industry Operations and Markets" course shines for several reasons: - **Comprehensive Content:** The course covers both operational and market-driven aspects, making it ideal for individuals looking to gain a holistic understanding of the electric industry. - **Expert Instructors:** The course is led by knowledgeable instructors who bring real-world experience and academic rigor to the content, ensuring that students receive relevant and up-to-date information. - **Engaging Learning Experience:** With a combination of video lectures, readings, and quizzes, the course promotes an interactive learning environment that enhances retention and understanding. - **Flexible Learning Schedule:** Being a two-week course, it is perfectly designed for busy professionals and students alike, allowing you to learn at your own pace while still tackling comprehensive material. **Target Audience:** This course is suitable for a variety of individuals, including aspiring energy professionals, students in related fields, or anyone with a keen interest in understanding how the electric industry functions. Moreover, policymakers and environmental advocates may benefit from the insights into market regulations and environmental impacts discussed in the course. **Final Recommendation:** I wholeheartedly recommend the "Electric Industry Operations and Markets" course on Coursera. Whether you are looking to start a career in the energy sector or simply wish to broaden your understanding of this critical industry, this course provides the knowledge foundation you need. Enroll today to empower yourself with the insights necessary to navigate the dynamic world of electricity operations and markets!

Syllabus

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.

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.