A business-person’s introduction to key definitions, concepts and issues within the electricity generation industry
► Do you need a basic introduction to the changing electricity supply business (in language aimed at non-technical business people)?
► Do you want to explore the multiple factors guiding choices of current and future power generation?
► Do you want an explanation of some of the key terminology and concepts that are used in the power generation business?
Then this course is for you: providing a thorough grounding in the fundamental economic and competitive drivers of “power” (electricity) markets.
It does so:
- By explaining key concepts and technological terminologies that every business person should know,
- In language that is relevant to you,
- Using a broad, integrated view that combines coverage of topics from supply to demand, land use to economics.
The topics have been chosen based on years of experience of teaching groups of business people in this industry through “live” classes. So the content here represent essential “must-knows” along with clarification of common areas of uncertainty, confusion or misunderstanding.
How is it delivered?
- 8 Sections, incorporating 20 lessons
- 16 video presentations (over 4 hours of video in total)
- 4 illustrative online calculators with self-test Q&A
- Additional illustrative articles, supporting text and explanatory notes
- Links to recommended further reading and references
- There are no restrictions on when you take which lessons; however a recommended order is provided (since knowledge gained in the earlier ones is utilised later on)
- You can return to and revise any lesson at any point
Estimated time required: 8-10 hours.
What are the Outcomes?
- A thorough introduction to the key factors driving the current and future economics of power generation markets, including how multiple variables impact each other and how they combine to determine future electricity mix outcomes (and hence market opportunities and risks).
- A solid knowledge base for confidence when talking to colleagues or assessing presentations, proposals or reports.
- The ability to “speak the language” of this complex industry, including
- The relationship between power, energy & time (and the link to power project cost and revenue),
- Capacity factor and its economic impact,
- The key competitive pros and cons of different electricity generation options,
- The nature of power demand variability,
- The pros and cons of different supply mix solutions (and considerations in choosing the “best”),
- The relevance of baseload and future mixtures of flexible and inflexible supply,
- Peak demand challenges, including capacity margin and system reliability,
- The impact of peak load duration on capacity requirements,
- Power generation efficiency and primary energy,
- End-use demand management, such as peak shifting or shaving, as an alternative to new generating capacity,
- Evaluating energy density and its impacts on power projects and their land use,
- The key variables in power project economics: revenues vs. costs,
- Levelized cost of energy (LCOE): its definition and limitations,
- The merit order curve and wholesale pricing of electricity,
Who is it most valuable to?
- Those new to the power generation business, or those wanting to revise, confirm or broaden their existing knowledge base.
- Investors, lawyers, policymakers, marketing/sales executives and other non-engineers, or anyone seeking to understand technological terminology and principles; but within a business-focused and market economic context.
“A solid grounding in the fundamentals of the power business means improved assurance and confidence when conversing with future business partners, customers, clients or suppliers.”
- Delivery is online-only: you’ll need Internet access (with any modern browser – Chrome, Explorer/Edge, Safari etc.) for viewing video and written content.
- For ease of use, the online calculators are best viewed on larger screens (PC, laptop or tablet)
- Note that this course is entirely self-taught and does not include trainer Q&A (hey, it’s free!)
Below are listed the course sections – click on a section title to view and go to included lessons. Icons indicate the lesson type:text video self-test calculation