Explore the intricacies of electricity transmission, industry structure, and markets in this comprehensive lecture by Kirsten Stasio, Adjunct Lecturer in Civil and Environmental Engineering at Stanford University. Delve into fundamental concepts of electricity, its transmission methods, and the complex structure of the electricity industry. Gain insights into maintaining grid reliability and understand the mechanisms behind buying and selling electricity. This 1-hour 17-minute presentation covers key topics including the nature of electricity, transmission processes, industry organization, grid reliability maintenance, and electricity market dynamics, providing a thorough overview of the modern electrical grid system.