Udemy – Power Fundamentals For Business

Course Objectives

1. Distinguish Core Concepts: Clearly differentiate between electricity, power (Watts), and energy (kilowatt-hours), understanding their practical applications and measurements within the power sector.
2. Comprehend Power System Operations: Trace the end-to-end journey of electricity from diverse generation methods through complex transmission and distribution grids to end consumption.
3. Analyze Performance Metrics: Interpret and apply key power plant performance indicators, including thermal efficiency, heat rate (Million British Thermal Units per megawatt-hour), and capacity factor, to assess operational effectiveness.
4. Understand Power Market Dynamics: Differentiate between regulated and deregulated electricity markets, grasping their unique structures, pricing mechanisms, and competitive landscapes.
5. Apply Foundational Calculations: Perform basic calculations related to power fundamentals, such as determining fuel costs for electricity generation, to gain practical insight into operational economics.

What You’ll Learn:

• Master the Core Concepts: Clearly differentiate between electricity, power (Watts), and energy (kilowatt-hours), and understand their practical significance in the industry.
• Explore Power System Operations: Gain a clear understanding of how electricity is generated from diverse sources, how it travels through vast transmission and distribution grids, and how it reaches end consumers.
• Analyze Key Performance Metrics: Interpret crucial power plant performance indicators, including thermal efficiency, heat rate (Million British Thermal Units per megawatt-hour), and capacity factor, to assess operational effectiveness and economic viability.
• Demystify Power Markets: Distinguish between regulated and deregulated electricity markets, grasping their unique structures, and implications for market participants.

• Business Professionals in the Energy Industry
• Aspiring or early stage Power Traders
• Business Students exploring the energy world