What is the ESC?

Preview of Week 2

For Week 2, we shall see how the electricity industry works and how it is economically organized.

We shall first describe the Electricity Supply Chain, and the way electricity production and exchange can be economically organized. Then we will discuss the timeline of the electricity industry, and how the exchanges of electricity are settled. We shall end up with a discussion about how the electricity industry works in your own country.

Let’s Begin

To start off our second week, let’s ask the question: What is the Electricity Supply Chain and how does it differ from the electricity system?

In this video, you’ll learn more about the Electricity Supply Chain (ESC) and its five functions or activities, namely:

• production
• transmission
• distribution
• metering and retailing
• dispatching

We’ll delve into the kinds of power plants, how electricity is transmitted from these sources to our homes, and how power is sustained and controlled.

Feel free to share your insights and key takeaways in the comments section.

(The scheme used in the video can be found in the Downloads section)