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Three Essentials of the Electric Grid: Business Essentials




2020 Summer - Term 1

About This Class

This course sets out, in three linked modules, the fundamental knowledge that professionals should have for working in the closely intertwined fields of energy and the environment. Students may take one, two, or three modules for one credit each.

MODULE B – BUSINESS ESSENTIALS: Business economics, engineering and law are all essential aspects of understanding the functioning of the electric grid and the multitude of resources that are associated with it.  This module will explore the key aspects related to the finances of the electric grid with a particular focus on understanding energy project finance and economics, including how they relate to a utilities revenue requirement.  The course will introduce students to basic financial statements, the importance of understanding tax impacts, and how to construct and evaluate a basic financial model for a distributed energy project, such as a solar or storage energy resource.  This course will provide an important introduction to business concepts that will be useful for future courses such as Renewable Energy Project Finance and Development.

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