Course description
North American Power Markets is an online training course that describes the electric power industry origins, early technical and structural development, outlines key milestones leading to the development of a monopoly structure, how this structure shifted towards greater competition and the development of a competitive marketplace. Key regional hubs and associated physical and financial trading practices are outlined; some technical developments with Smart Grid are described, bringing the grid into the 21st Century technologically.
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Upcoming start dates
Suitability - Who should attend?
A certificate of completion will be awarded upon scoring at least an 80% on the 20 question multiple choice final exam.
Course Content
You will learn to:
- Identify the historical origins of the US and Canadian power markets
- Recognize the monopoly structure in the North American power markets
- Point out key legislative, policy and regulatory initiatives which shaped the early power industry
- Choose the drivers for the creation of competitive markets
- Identify the types of generation in North American power industry
- Identify how the transmission system developed and how the interconnected grid in North America functions
- Identify which financial markets exist for the mitigation of financial risk in the competitive marketplace
- Recognize how the exchange traded futures markets and clearing play a unique role in the management of risk
- Identify how regional hubs developed and to describe key characteristics of major hubs
- Point out how the Smart Grid will transform the North American transmission grid
Suitability
Content
This two hour online course is designed for anyone interested in learning more about power markets.