System, method, and apparatus for settlement for participation in an electric power grid
First Claim
1. A system for market-based financial settlement of transactions within an electric power grid network comprising:
- a settlement processor;
at least one coordinator; and
at least one active grid element;
wherein the settlement processor comprises a server and/or a processor operatively coupled with a memory, and a database constructed and configured for electrical connection and IP-based communication via a network with at least one coordinator;
wherein the at least one coordinator is constructed and configured for electrical connection and IP-based network communication with the at least one active grid element that is registered to participate within the electric power grid network;
wherein the at least one active grid element generates at least one KWP unit containing information for a market-based financial settlement, including measured data transformed by the at least one active grid element into settlement grade data for market financial settlement corresponding to participation of each of the at least one active grid element in the electric power grid network for load, supply or curtailment as supply;
wherein a settlement message is transmitted via an IP-based network from the at least one active grid element to the settlement processor and/or the at least one coordinator; and
wherein the settlement message includes an IP packet including revenue grade metrology associated with each of the at least one active grid element and at least one KWP unit for the market-based financial settlement corresponding to the participation of each of the at least one active grid element within the electric power grid network.
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Accused Products
Abstract
Systems, methods, and apparatus embodiments for electric power grid and network registration and management of physical and financial settlement for participation of active grid elements in supply and/or curtailment of power. Settlement is provided for grid elements that participate in the electric power grid following initial registration of each grid element with the system, preferably through network-based communication between the grid elements and a coordinator, either in coordination with or outside of an IP-based communications network router. A multiplicity of active grid elements function in the grid for supply capacity, supply and/or load curtailment as supply or capacity, and are compensated through settlement for their functional participation in the electric power grid. Also, messaging related to settlement is managed through a network by a Coordinator using IP messaging for communication with the grid elements, with the energy management system (EMS), and with the utilities, market participants, and/or grid operators.
511 Citations
20 Claims
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1. A system for market-based financial settlement of transactions within an electric power grid network comprising:
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a settlement processor; at least one coordinator; and at least one active grid element; wherein the settlement processor comprises a server and/or a processor operatively coupled with a memory, and a database constructed and configured for electrical connection and IP-based communication via a network with at least one coordinator; wherein the at least one coordinator is constructed and configured for electrical connection and IP-based network communication with the at least one active grid element that is registered to participate within the electric power grid network; wherein the at least one active grid element generates at least one KWP unit containing information for a market-based financial settlement, including measured data transformed by the at least one active grid element into settlement grade data for market financial settlement corresponding to participation of each of the at least one active grid element in the electric power grid network for load, supply or curtailment as supply; wherein a settlement message is transmitted via an IP-based network from the at least one active grid element to the settlement processor and/or the at least one coordinator; and wherein the settlement message includes an IP packet including revenue grade metrology associated with each of the at least one active grid element and at least one KWP unit for the market-based financial settlement corresponding to the participation of each of the at least one active grid element within the electric power grid network. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system for market-based financial settlement of transactions within an electric power grid network comprising:
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a settlement processor; a legacy settlement processor; at least one coordinator; and at least one grid element; wherein the settlement processor and the legacy settlement processor each comprise a server and/or a processor operatively coupled with a memory, and a database constructed and configured for electrical connection and IP-based communication via a network with at least one coordinator; wherein the at least one coordinator is constructed and configured for electrical connection and IP-based network communication with the at least one grid element that is registered to participate within the electric power grid network; wherein one of the at least one grid element aggregates revenue grade metrology from the other of the at least one grid element and generates information for the market-based financial settlement for each of the at least one grid element, wherein the information includes at least one kilowatt packet (KWP) unit; and wherein a settlement message is transmitted via IP-based messaging from the one of the at least one grid element to the settlement processor and/or the at least one coordinator. - View Dependent Claims (12, 13)
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14. A system for market-based financial settlement of transactions within an electric power grid network comprising:
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a settlement processor; at least one coordinator remotely positioned from the settlement processor; at least one master active grid element; a plurality of active grid elements; and at least one other active grid element; wherein the plurality of active grid elements and the at least one other active grid element are operable to perform at least one event within the electric power grid network; wherein the at least one master active grid element is operable to aggregate revenue grade metrology data corresponding to the at least one event performed within the electric power grid network by the plurality of active grid elements after the at least one event is performed within the electric power grid network; wherein the at least one coordinator is operable to receive the revenue grade metrology data from the at least one master active grid element and the at least one other active grid element; wherein the at least one coordinator and/or the at least one master active grid element is operable to send a settlement message to the settlement processor after receiving the revenue grade metrology data; wherein the settlement message includes an IP packet including the revenue grade metrology data associated with at least one of the at least one master active grid element, the plurality of active grid elements, and the at least one other active grid element; and wherein the settlement processor is operable to provide a financial settlement based on the revenue grade metrology data. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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Specification