Course 01 of 20 · Power and Electricity Desk Academy

Electricity Business & Commercial Flows

Stage A, Electricity foundations. Level 1 of 10.

The physical and contractual chain from generator to consumer and the points at which title, risk and money change hands.

118 chapters · 11 modules · every chapter one 8 to 10 minute explainer · builds on: nothing: this is the entry point

Enrol or enquire See the 118 chapters
How a chapter is sized

One chapter is one idea taken to the point of use

Each chapter is a single self-contained explainer of 8 to 10 narrated minutes, covering one idea to the point where you can use it.

Chapters run in order. Each one assumes only what the chapters before it taught, and capability belonging to a later course is named and deferred rather than half-covered.

Curriculum

11 modules · 118 chapters

Open any module for its full chapter list, in teaching order.

M0 Electricity as a Commercial Product Ch 1-11
  1. Electricity Is a Service, Not a Substance
  2. The Grid as One Shared Machine
  3. Supply and Demand Must Match Every Second
  4. Why There Is No Warehouse of Electricity
  5. The Vocabulary of the Power Business
  6. Voltage Levels and Who Owns Each One
  7. Frequency as the Shared Heartbeat
  8. What the World Actually Does With Power
  9. Why Electricity Is Traded at All
  10. Power Against Every Other Commodity
  11. The Shape of This Subject and Where It Leads
M1 The Generator End of the Chain Ch 12-22
  1. What a Generator Is, Commercially
  2. Thermal Plant as a Dispatchable Seller
  3. Nuclear and the Economics of Running Flat
  4. Hydropower, Reservoirs and Run-of-River
  5. Wind Farms as Sellers of Whatever Arrives
  6. Solar and the Daily Arrival Pattern
  7. Combined Heat and Power and the Industrial Host
  8. Embedded and Behind-the-Meter Generation
  9. Stores and Cables That Look Like Generators
  10. The Connection Agreement a Station Signs
  11. How a Generator Reaches a Buyer
M2 The Wires in Between Ch 23-33
  1. Transmission as a Regulated Business
  2. Distribution and the Local Network
  3. Substations and the Voltage Ladder
  4. The System Operator and What It Actually Does
  5. Network Losses and Who Pays for Them
  6. Use-of-System Charges in Outline
  7. Capacity on a Wire Is Not Capacity in a Pipe
  8. Firm, Flexible and Curtailable Access
  9. The Meter as a Commercial Boundary
  10. Grid Codes as Contracts You Did Not Negotiate
  11. Why Geography Still Decides Value
M3 Where the Electricity Goes Ch 34-43
  1. The Supply Point as the End of the Chain
  2. Households and the Duty to Keep Them On
  3. Small Business and Commercial Premises
  4. Large Industrial Consumers as Counterparties
  5. Data Centres and the New Large Connection
  6. Electrified Heat and Transport as New Load
  7. Prosumers and Self-Consumption
  8. The Retail Supplier and Its Authorisation
  9. Who the Customer Thinks It Is Buying From
  10. Consumption That Can Be Paid to Go Away
M4 The Parties and the Role Each Plays Ch 44-54
  1. Reading a Counterparty by What It Must Discharge
  2. The Asset Owner and the Asset Manager
  3. The Supplier's Double Position
  4. The Trader Who Owns Nothing
  5. Brokers, Platforms and Exchanges as Meeting Places
  6. The Balance Responsible Party
  7. Who Runs the Settlement Machinery
  8. The Regulator and the Authorisation Regime
  9. Aggregators and Virtual Portfolios
  10. Metering Operators and Data Agents
  11. Lenders, Insurers and Offtake Credibility
M5 Why an Electron Cannot Be Owned Like a Barrel Ch 55-64
  1. The Unit You Bought Was Never Identifiable
  2. Title as a Contractual Fiction
  3. Notional Delivery and the Declared Position
  4. Physical Flow Does Not Follow Your Contract
  5. Commingling and the Pool of Everything
  6. Guarantees of Origin as a Separate Instrument
  7. Why Quality Disputes Barely Exist Here
  8. Shortfall Instead of Non-Delivery
  9. Losses Mean You Deliver Less Than You Sold
  10. Registers and Who the System Thinks You Are
M6 The Chain of Agreements Ch 65-75
  1. The Full Set of Documents, End to End
  2. The Connection Agreement, Both Ends
  3. The Authorisation That Permits Trading at All
  4. The Route-to-Market Agreement
  5. The Wholesale Sale Agreement in Outline
  6. The Retail Supply Contract
  7. The Metering and Data Appointments
  8. The Balancing Relationship With the System Operator
  9. Back-to-Back Chains and Where They Break
  10. Term, Renewal and Getting Out
  11. Reading an Unfamiliar Power Agreement Quickly
M7 Where Title, Risk and Money Change Hands Ch 76-87
  1. Three Things That Move Separately
  2. The Boundary Point and What It Decides
  3. Title Passing at a Network Boundary
  4. Exposure Can Sit Where Ownership Does Not
  5. The Moment of Delivery With No Cargo
  6. Who Carries the Shortfall When Plant Fails
  7. Who Carries the Surplus When Output Exceeds the Sale
  8. The Handover Between Supplier and Customer
  9. Switching Supplier and Transferring a Supply Point
  10. Selling a Generating Asset and What Must Move With It
  11. Where Money Changes Hands Along the Chain
  12. A Single Quantity Traced Through Every Handover
M8 The Money Flow from Bill to Generator Ch 88-98
  1. What a Consumer Is Actually Paying For
  2. The Supplier's Cash Cycle
  3. Payment Terms Across the Chain
  4. Deposits, Guarantees and Credit in Retail Supply
  5. How Network Charges Reach the Final Bill
  6. Levies, Subsidies and Pass-Through Costs
  7. The Generator's Revenue Streams in Outline
  8. Invoicing, Disputes and the Lag Before Cash
  9. When a Customer Does Not Pay
  10. When a Supplier Fails
  11. Where Margin Actually Sits in the Chain
M9 When the Chain Breaks Ch 99-108
  1. A Fault Is Not a Failure to Perform
  2. A Generating Unit Trips
  3. The Network Stops You Exporting
  4. Consumption Disappears Without Warning
  5. Frequency Events and Involuntary Disconnection
  6. Force Majeure in a Business With No Cargo
  7. Default, Close-Out and What Is Left Behind
  8. Data Failures and Estimated Quantities
  9. Disputes That Are Nobody's Fault
  10. The Ordinary Failures in a Simple Power Deal
M10 The Whole Chain, Worked Ch 109-118
  1. The Chain in One Picture
  2. One Megawatt Hour, Part One: Turbine to Boundary
  3. One Megawatt Hour, Part Two: Boundary to Appliance
  4. A Day in the Life of the Chain
  5. A Cold, Still Evening Through the Whole Chain
  6. A New Connection From Both Sides
  7. Where This View Is Deliberately Simplified
  8. What Orientation Cannot Let You Do
  9. Choosing Where to Enter the Power Pathway
  10. Where Each Deferred Thread Is Picked Up

The brochure gives each of these 118 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 1 of twenty

It stands alone, and it is also the entry point to the Power and Electricity Desk Academy pathway.

Enrol or enquire See the whole pathway