Understanding the dynamic and rapidly evolving electricity business begins with a solid foundation in electric industry basics. Electric Industry Overview gives learners a basic understanding of electricity consumers and their needs; the components of the physical electric system and how it’s designed to deliver safe and reliable power to consumers; how and why the electric industry is regulated; areas of the electric industry that are competitive and how this affects markets and services offered in them; and how electric markets function. This course is intended for those new to the electric industry or anyone seeking a broader understanding of the electric business. Note that this is the US version of this learning path.
Learning Objectives
Classify the various types of electric customers and identify their needs and service alternatives
Apply knowledge of the components of the physical electric system to explain how a specific system is designed to deliver safe, reliable and cost-effective power
Identify how an electric system is operated and determine how operational practices impact market participants
Analyze regulation of individual companies to understand their business opportunities and risks, and how these can be managed through regulatory processes
Apply knowledge of market structures to determine the level of competition associated with an industry sector in a specific region and comprehend how the level of competition affects business opportunities and risks
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