Electric Industry Operations and Markets

  • Created by Instructor: Lincoln Pratson
  • Course Duration 7 hours
  • Price USD$
  • User Rating 4.8
  • Platform Coursera
  • Course Link Explore 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."

Join the Electric Industry Operations and Markets online course led by expert instructor Lincoln Pratson. Explore the world of electricity generation, transmission, pricing, and markets in this beginner-friendly course. Enroll now for a flexible learning experience!


Have you ever wondered about the complex web of activities that bring electricity to your home or office? How does electricity go from being generated to lighting up your space? If you’re curious about the electric industry’s inner workings and its interconnected markets, you’re in the right place. Welcome to the Electric Industry Operations and Markets online course, where you’ll embark on a journey of discovery guided by the expertise of renowned instructor Lincoln Pratson.

Course Overview

In this comprehensive course, you’ll delve into the intricate world of electricity, starting from its generation and transmission all the way to its pricing and market dynamics. Designed with beginners in mind, you’ll gain valuable insights into a realm that powers our modern lives. Over the span of three weeks, investing just two hours a week, you’ll uncover the fundamental concepts that govern the electric industry.

What You’ll Gain

By enrolling in this course, you’ll acquire an in-depth understanding of how electricity is produced, transmitted, and distributed. You’ll grasp the pivotal relationship between consumption and generation, witnessing firsthand how these processes intricately influence each other. Additionally, you’ll explore the multifaceted landscape of electric industry markets, deciphering pricing strategies and gaining insights into market regulations that shape this dynamic sector.

Who This Course is For

This course is tailor-made for individuals seeking to demystify the electric industry and its intricate operations. Whether you’re a novice with no prior experience or someone curious about the economics behind electricity pricing, this course offers something for everyone. No technical background is required; all you need is an eagerness to learn and an interest in understanding the heartbeat of the electric world.

Understanding Electricity: Core Activities (Week 1)

Defining Electricity and Its Generation

To truly understand the electric industry, we must first grasp the essence of electricity itself. In the initial week, you’ll delve into the foundational concepts of what electricity is and how it’s generated. From the basics of electrons in motion to the mechanisms of power plants, you’ll gain a solid footing in the world of electric generation.

The Journey from Generation to Consumption

The path from power plants to our homes is a fascinating one. Discover how electricity navigates through transmission lines, enters buildings, and powers our devices. You’ll marvel at the intricate dance of supply and demand that keeps our lights on and gadgets running.

Instant Feedback Loop: Consumption and Generation

Ever considered how your electricity consumption affects generation in real-time? This intricate feedback loop is at the heart of electric industry operations. Witness how your actions as a consumer directly influence the production of electricity, creating a finely tuned equilibrium.

Exploring Electric Industry Markets (Week 2)

Dissecting Electric Industry Costs

Peek behind the curtain and explore the cost components that drive the electric system. Understand the economics that govern the industry’s core activities, from fuel to infrastructure, and how these factors shape pricing strategies.

Unveiling Power Plant Cost Comparisons

Not all power plants are created equal. Dive into the fascinating world of power plant types and their associated costs. Gain the knowledge to discern between various technologies and their impact on electricity pricing.

Decoding Electricity Pricing

Ever wondered why your electricity bill fluctuates? Uncover the intricacies of retail pricing and how it’s determined. By the end of this section, you’ll be equipped to decipher your bill like a pro.

Navigating Electric Markets and Dispatch

Electricity markets are intricate ecosystems that ensure supply meets demand in real-time. Understand the different market structures and how they determine which power plants are dispatched when needed. Witness the orchestration of supply on a grand scale.

Regulatory Insights: Shaping the Electric Industry

Discover the role of regulations in shaping the electric industry’s landscape. Delve into the reasons behind industry regulations and how they impact operations and markets. Gain insights into recent changes driven by environmental concerns and market dynamics.

Why Choose Our Course

Expert Instruction by Lincoln Pratson

Led by industry expert Lincoln Pratson, this course offers unparalleled insights into the electric industry. Benefit from his extensive experience and engaging teaching style as he unravels complex concepts with clarity.

Flexible Learning for Beginners

No prior experience? No problem. Our course is designed with beginners in mind, ensuring that complex topics are broken down into easily digestible modules. Learn at your own pace, with a flexible schedule that fits your life.

Shareable Certificate and LinkedIn Integration

Upon course completion, you’ll receive a shareable certificate. Showcase your newfound expertise on your LinkedIn profile, impressing peers and potential employers alike.

Enroll Today and Transform Your Understanding of Electric Industry Operations and Markets

Ready to embark on a journey that will transform your understanding of electricity and its multifaceted industry? Enroll today and gain insights that will forever change the way you perceive the world of electric generation, transmission, pricing, and markets.

Frequently Asked Questions

Q1: Is this course suitable for beginners with no prior knowledge of the electric industry?
A1: Absolutely! This course is designed to cater to beginners and individuals without any prior experience in the field. Lincoln Pratson’s expert guidance ensures that complex concepts are broken down into easily understandable modules.

Q2: How long is the course, and how much time should I dedicate each week?
A2: The course spans three weeks, and we recommend dedicating around two hours per week. However, the flexible schedule allows you to adjust the pace according to your commitments.

Q3: Can I integrate the course certificate with my LinkedIn profile?
A3: Yes, upon completion of the course, you’ll receive a shareable certificate that you can proudly display on your LinkedIn profile, showcasing your newly acquired expertise to your professional network.

Q4: Are subtitles available for non-English speakers?
A4: Yes, the course includes subtitles in Arabic and German, making it accessible to a broader audience.

Q5: How will this course benefit me in my career or personal life?
A5: Whether you’re seeking to understand your electricity bill or interested in the economics behind the electric industry, this course equips you with knowledge that’s applicable in various professional and personal contexts.