Industry
Electric Industry Overview
A one-day entry-level introduction to the business of electricity
This one-day seminar presents a fundamental overview of the electric business. If you are new to the industry, or even a veteran who was never exposed to the business of electricity, Electric Industry Overview can help you to better understand this dynamic industry. You will learn who electric customers are and how they use electricity, how the physical system is designed and operated, how and why the industry is regulated and how restructuring has changed this, and basic principles behind electric markets.
This course was designed with your participation in mind! Questions and discussion among attendees are highly encouraged. And you will participate in a number of group exercises that will give you a real-world perspective of how the electric business actually works. You will leave this information-packed seminar with relevant and current information that can be applied immediately to your work!
Prerequisites: No prerequisites or advance preparation is required.
Contact us at 866-765-5432 or 'info' for more information.
No dates are currently scheduled for this seminar. Please Contact Us for more information.
Is Electric Industry Overview the right seminar for me?
If you need an overview of how the electric industry functions, but can’t spend more than a day away from the job, this seminar is for you! Whether it's your first day on the job or you're an industry veteran, you will benefit from the insights you will receive on how the electricity business really works. While anyone with a connection to the electric power business should consider this fundamental seminar, here are the types of employees who have found this class helpful to their continued success in the industry:
- New hires just starting out
- Summer hires and interns
- Regulatory employees requiring a fundamental electric business overview
- Technical employees such as system operators, engineers, and Information Technology professionals requiring a fundamental electric business overview
- Professionals such as attorneys, accountants, finance, PR, etc, who are becoming active in the energy industry
- Experienced professionals moving into the electric industry
- Experienced energy industry employees needing a fundamental electric business overview
- Sales professionals providing services to the electric industry
- Virtually any industry employee with limited electric experience
How will Electric Industry Overview help me?
If you are new to the electric business, this seminar will give you a fundamental overview of the complex business of electricity. Many new employees feel lost for months given the unique jargon and ways of doing business inherent in the electric industry. By attending this overview seminar you’ll learn just enough to successfully launch your career in the industry and you'll be better prepared to take advantage of on-the-job learning opportunities.
If you’ve been in the electric industry for a while, but have been too busy focusing on your responsibilities to get a good overview of the business, this seminar will provide you the knowledge that you are missing. By attending this seminar you will understand how you fit into the big picture, how to better support your company’s business goals and how to best interact with other company departments and market participants outside of your company. In fact, anyone interested in advancing their career cannot afford to continue working in the electric industry without the information presented in this seminar.
In one information-packed day, this dynamic course will provide you with a solid understanding of:
- Electricity users and their needs
- How the physical system is designed and operated
- How and why the industry is regulated
- What market restructuring is and how it affects electric markets
- Deregulated market structures
- Market participants and their roles in regulated and restructured markets
- Risks that must be managed
- How the industry is evolving and may radically change in the future
Overview of Electricity
- What is electricity?
- How electricity works
- Unique characteristics of electricity
- Electric units
Customers
- Types of electric customers
- Number and usage by customer class
- Hourly and monthly load shapes
- Customer needs and wants
- Services available to electric customers
The Physical System
- The planning horizon for generation
- Types of generation and how each is used
- U.S. generation capacity and output
- Characteristics of various generation types
- How generation is typically dispatched
- Transmissions systems (components and characteristics)
- North American power grids
- Distribution systems (components and characteristics)
- Characteristics of power systems
- How the system is operated
- Ancillary services
- How transmission is scheduled
Regulation and Market Restructuring
- Why the electric industry is regulated
- Who regulates each function
- Types of regulatory proceedings
- The regulatory process
- Incentive regulation
- What is restructuring and why it has been done in some regions
Electric Market Dynamics
- What is an electric market?
- 4 idealized market structures
- Electric supply choice
- How parties make transactions in electric markets
- Services bought and sold in electric markets
- Basic pricing concepts
- ISO scheduling
- Locational marginal pricing
- How an energy portfolio is managed
- Risk exposures and how they can be managed
The Future
- Trends to watch in the next five years
- The future (a different grid, smart grid, smart house)
Group discount
Attend this seminar with your workgroup and you can save up to 25%. For every three people from the same company who attend this course, the fourth is free!
Course length
One day.
Prerequisites
No prerequisites or advance preparation is required.
Seminar times
This seminar begins and 8:30 nd ends at 5:00. But feel free to come early to enjoy complimentary breakfast, ask questions of your instructor and network with other class participants.
Registration fee
$795 (save $100 - only $695 if paid three weeks prior to seminar). This fee includes continental breakfast, lunch and morning and afternoon breaks. The fee also includes course materials.
Cancellation policy
All class sizes are limited and your place in class is held exclusively for you. Registrations cancelled two weeks or more prior to the seminar date will receive a full refund minus a 10% administrative fee or a credit for 100% of the registration fee good towards any other Enerdynamics product. Registrations cancelled with less than two weeks notice but more than two days notice will receive a credit for 100% of the registration fee good towards any other Enerdynamics product. Registrations cancelled with less than two days notice are not eligible for refund or credit. Substitutions may be made at any time and without additional cost.
Contact us at 866-765-5432 or 'info' for more information.
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CPE credits? Absolutely!
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Bring this seminar onsite
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No risk to you!
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