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The Fundamentals of Electricity Markets | E B F 200: Introduction to Energy and Earth Sciences Economics

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Electricity is a form of energy transportation and utilization that is central to our way of life today - for most of us, life without electricity would be unimaginable. We all have had the experience of a blackout, and productive life generally comes to a halt when this happens - everything shuts down and we wait for the power to come back on before being able to do almost anything. Electricity is what we call a "secondary" energy source - it is energy that is released from some other source, and converted by mankind into electricity for transportation and end-use. Aside from lightning and static electricity, there is precious little electricity in nature - no electricity mines or wells - and that which does exist in nature is not very suitable for human use. Instead, some other form of energy is converted to electricity. The most common sources of energy are as follows: It can be generalized that all of these forms of energy come from the sun, some directly and some by very circuitou

Electricity is a form of energy transportation and utilization that is central to our way of life today - for most of us, life without electricity would be unimaginable. We all have had the experience of a blackout, and productive life generally comes to a halt when this happens - everything shuts down and we wait for the power to come back on before being able to do almost anything. Electricity is what we call a "secondary" energy source - it is energy that is released from some other source, and converted by mankind into electricity for transportation and end-use. Aside from lightning and st

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