Electric Industry Operations and Markets

Electric Industry Operations and Markets


Nicholas School of the Environment



2 weeks



This course provides an introduction to how electricity is generated, brought to customers, and to the forces affecting electric industry markets.  Students 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.


Lincoln Pratson
Lincoln Pratson

Gendell Family Professor of Energy and the Environment

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