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System and methods for actively managing electric power over an electric power grid

  • US 10,547,178 B2
  • Filed: 10/07/2016
  • Issued: 01/28/2020
  • Est. Priority Date: 06/20/2012
  • Status: Active Grant
First Claim
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1. A system for managing power on an electric power grid, comprising:

  • a server and a database in network communication with at least one distributed power consuming device and at least one distributed power supplying device;

    wherein the at least one distributed power consuming device and the at least one distributed power supplying device participate in the electric power grid by consuming power, supplying power, and/or providing power curtailment;

    wherein the server communicates IP-based messages with the at least one distributed power consuming device and the at least one distributed power supplying device;

    wherein the database stores load and supply resource information comprising an amount of power available to be reduced by each of the at least one distributed power consuming device and an amount of power available to be supplied by each of the at least one distributed power supplying device and generates a supply equivalence value for each of the at least one distributed power consuming device based on the power available to be reduced by each of the at least one distributed power consuming device;

    wherein the supply equivalence value is a monetary supply equivalence value, wherein the supply equivalence value provides for a curtailment value as a requirement for providing supply to the electric power grid;

    wherein the system provides operating reserves and makes financial settlements based on the supply equivalence value for each of the at least one distributed power consuming device and the power available to be supplied by each of the at least one distributed power supplying device in real time or near real time;

    wherein the server receives or initiates power control commands requiring a change in an amount of electric power consumed by the at least one distributed power consuming device and/or a change in an amount of power supplied by the at least one distributed power supplying device;

    wherein the system forms at least one Power Trade Block (PTB) unit by aggregating the supply equivalence value of each of the multiplicity of distributed power consuming devices in real time or near real time;

    wherein the capacity size or energy data in the at least one PTB is dependent on a grid operator, regional transmission operator, or independent system operator, and wherein the at least one PTB is accepted for bidding, trading, and settlement by any entity authorized by a government entity; and

    wherein a minimum acceptable PTB is 100 kW.

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