System and method for participation in energy-related markets

• US 20100332373A1
• Filed: 06/10/2010
• Published: 12/30/2010
• Est. Priority Date: 02/26/2009
• Status: Abandoned Application

• Current Assignee: Alan McCord, Andrew Charneski, Jason Crabtree, Jimmy Jia, Michael Hoak, Oliver Venn, Peter Crabtree
• Original Assignee: Alan McCord, Andrew Charneski, Jason Crabtree, Jimmy Jia, Michael Hoak, Oliver Venn, Peter Crabtree
• Inventors: Hoak, Michael, Charneski, Andrew, Crabtree, Peter, McCord, Alan, Crabtree, Jason, Venn, Oliver, Jia, Jimmy
• Application Number:
  US12/802,705
• Publication Number:
  US 20100332373A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/06 Energy or water supply
• CPC Class Codes: Y02P 90/90 Financial instruments for climate change mitigation, e.g. environmental taxes, subsidies or financing

Abstract

A multidimensional energy decision system, comprising a plurality of server systems, including at least a statistics server and an interface adapted to receive and send digital information from at least a client system, and further adapted to optionally communicate with the digital exchange via a packet-based data network, wherein the multidimensional energy decision system periodically optimizes operational parameters of client system for a specific time period and a specific energy asset from client system based on forecasted conditions, and directly, or upon decision confirmation from a client system, procures or makes dispatchable energy resources, related externalities, or related derivative financial products, available to a digital exchange or other parties, wherein upon the purchase of a listed asset by another party or across digital exchange, implements dispatch procedures to satisfy the issued contract and, optionally, provides monitoring and verification of performance, is disclosed.

Claims

1. A multidimensional energy decision system, comprising:

a plurality of server systems, including at least a statistics server; and

an interface adapted to receive and send digital information from a client system and further adapted to communicate with at least some of the plurality of server systems via a packet-based data network;

wherein the plurality of server systems periodically optimizes operational parameters used by a client system for a specific time period and a specific energy asset associated with a client system based on forecasted conditions; and

whereas the plurality of server systems directly, or upon decision confirmation from a client system, procures or makes available to a digital exchange or other parties energy-related assets such as dispatchable energy resources, related externalities, or related derivative financial products; and

wherein upon purchase of the energy-related asset by another party or across a digital exchange, the plurality of server systems implements dispatch procedures to satisfy an issued contract pertaining to the purchase and, optionally, provides monitoring and verification of performance.

2. A method of executing energy-related decisions, comprising the steps of:

(a) periodically optimizing operational parameters used by a client system for a specific time period and a specific energy asset associated with a client system based on forecasted conditions;

(b) directly or upon decision confirmation from a client system, procuring or making available to a digital exchange or other parties energy-related assets such as dispatchable energy resources, related externalities, or related derivative financial products;

(c) upon purchase of the energy-related asset by another party or across a digital exchange, implementing dispatch procedures to satisfy an issued contract pertaining to the purchase; and

(d) optionally providing monitoring and verification of performance of the issued contract.