A Deeper Look at Electricity Markets

1. Welcome

Welcome to Week Four! This week we take a closer look at:

How electricity markets work and why the price of electricity fluctuates.
The role of digitalisation in electricity markets.
Different factors impacting the price of energy.
How digital technologies help you take advantage of reduced price or incentivised energy.

After studying this week of the course, you should be able to:

Understand the fundamentals of how electricity markets work.
Explain the main factors that impact on electricity prices.
Be aware of different type of electricity contracts and their advantages and disadvantages.
Demonstrate an understanding of what demand response is and why it’s important.
Describe the relationship between demand response and digitalisation.
Be aware of the different ways demand response can reduce your energy use and help save you money.