• University of Padova

Electrical Industry: Production and Economics

Understand how the electricity system has developed over time, see what the future holds and the need to move to decarbonisation.

507 enrolled on this course

Electrical Industry: Production and Economics

Discover how electricity is produced and exchanged and the reasons behind it

This innovative, three-week course from the University of Padova is designed to illustrate how electricity is produced, and exchanged, and why.

Understand how electrical systems have evolved over time

Firstly, you’ll gain insight into what electricity is, what it is used throughout society for and how the electricity system has been evolving steadily over time.

You’ll then assess the importance of electricity within the modern world and will understand how it is generated and exchanged among the different players active in the entire electricity supply chain.

Discover the need to move towards a decarbonised economy

You’ll then explore the new challenges and perspectives of electricity in the 21st century posed by climate change, such as increases in temperature increasing our energy demand, changing our ability to produce electricity and deliver it reliably. You’ll then identify the need to move towards a decarbonised economy going forward, and will discover the ways in which this can be achieved.

Ultimately, the course will tell you how to understand all the components of your own electricity bill, with the end result being that you’ll be able to make the best economic and money-saving choice when choosing an electricity supplier.

Learn from an environmental and energy economics expert at the University of Padova

You’ll be guided throughout this course by an expert of environmental and energy economics at the University of Padova, who has written the worldwide reference textbook on this specific topic.

Hear from our courses team

You can sign up at any time. However, if you’d like to take advantage of feedback from the educators and your mentors, you can do so within this period:

April 5 - May 14, 2021

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Skip to 0 minutes and 6 seconds [click] Cool, isn’t it? We hardly think about how important is electricity in our everyday life. Without it, we wouldn’t have modern lighting, and we wouldn’t have had so many things that we give for granted now, like this this or this Actually without electricity You wouldn’t even be watching this video, but we hardly pay attention to the fact that electricity is a man-made product. It does exist in nature, but they kind of electricity that all of us use is a human invention. It is produced, transported, and delivered to all of us through an organized system. The place where goods and services are exchanged are called markets. As you all know, economics is the science, the study markets.

Skip to 0 minutes and 58 seconds I am Fulvio Fontini professor of Economics at the University of Padua in Italy. I’ve been studying and teaching economics of electricity for more than 20 years now. Thinking about electricity, is it like any other good? Or are there specificities and peculiarities of the electricity market compared to necessary goods market or luxuries? How should the electricity market be designed and how do they effectively work, in the reality? What are the consequences of the way electricity is produced and exchanged for the world and for all of us. These are the types of questions we shall talk about in this course.

Skip to 1 minute and 35 seconds By taking this course, you’ll get acquainted with the fundamentals of the economic analysis of the electricity and be able to understand and evaluate the actual and future challenges faced by the electricity sector and by all of us as power users. Last but not least, you’ll be able to understand your own electricity bill, what it measures, how it is composed, and even, why not, reducing it! Follow this course on the electrical industry production and economics, it will be useful and fun!

What topics will you cover?

  • Electricity production and exchange
  • Electricity system
  • Renewable energy sources
  • Decarbonisation

When would you like to start?

Start straight away and learn at your own pace. If the course hasn’t started yet you’ll see the future date listed below.

  • Available now

What will you achieve?

By the end of the course, you‘ll be able to...

  • Develop your ideas about the challenges posed by climate change, understand your own electricity bill and be informed to make the best money-saving choices about electricity suppliers
  • Assess the importance of electricity in modern life
  • Describe how electricity is generated and exchanged among the different players active in the electricity supply chain

Who is the course for?

This course is designed for all those interested in learning how electricity is produced, exchanged and used worldwide.

This can include students of management, engineering, social sciences and environmental studies, as well as practitioners, consultants and people working within the energy sector.

Who will you learn with?

I have been teaching and making research in the Economics of Energy and Elelctricity since 2005. I think these are key topics to understand and shape our future, and they are also fun!

Who developed the course?

University of Padova

The University of Padova is one of Europe’s oldest and most prestigious seats of learning; it aims to provide its students with both professional training and a solid cultural background.

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