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Energy price protection system and method

  • US 20090198621A1
  • Filed: 02/04/2009
  • Published: 08/06/2009
  • Est. Priority Date: 02/04/2008
  • Status: Abandoned Application
First Claim
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1. A system for providing a plurality of users participating in an energy price protection plan with e-commerce and transaction capabilities, said system comprising:

  • a processor; and

    a memory operatively connected to said processor, wherein said processor is operative with control instructions in said memory to perform the steps of;

    receiving an account identifier associated with each user;

    receiving, from each user, an anticipated geographic area associated with energy purchases;

    storing said received anticipated geographic areas in association with each respective account identifier in said memory;

    providing each user the calculated payment, wherein each respective payment is calculated by said processor based at least in part upon one of a first program price associated with each user and a second program price associated with each user as well as upon said market reference price, wherein the first program price for each user is independent of the first program price for each other user and the second program price for each user is independent of the second program price for each other user; and

    wherein each payment for each user is calculated by said processor based at least in part upon the first program price for that user when the geographic location of the automotive fuel purchase corresponds to said anticipated geographic area associated with energy purchases for that user and each payment for each user is calculated by said processor based at least in part upon the second program price for that user when the geographic location of the energy purchase does not correspond to said anticipated geographic area associated with energy purchases for that user.

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