SYSTEM AND METHOD FOR MANAGING ELECTRIC PURCHASING STRATEGIES

• US 20120116847A1
• Filed: 11/09/2010
• Published: 05/10/2012
• Est. Priority Date: 11/09/2010
• Status: Abandoned Application

• Current Assignee: Reliable Power Alternatives Corporation
• Original Assignee: Reliable Power Alternatives Corporation
• Inventors: MARTORELLA, John R.
• Application Number:
  US12/942,542
• Publication Number:
  US 20120116847A1
• Time in Patent Office: Days
• US Class Current: 705/7.36
• CPC Class Codes: G06Q 10/0637 Strategic management or analysis, e.g. setting a goal or target of an organisation; Planning actions based on goals; Analysis or evaluation of effectiveness of goals
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: Y02P 90/845 Inventory and reporting systems for greenhouse gases [GHG]

Abstract

Provide is a system and method for managing electric purchasing strategies. A processor receives electric pricing information, electric usage information, a plurality of input parameters, and generates electric purchasing strategies based on the electric pricing information, the electric usage information, and the plurality of input parameters; and a memory stores the electric pricing information, the electric usage information, the plurality of input parameters, and the electric purchasing strategies.

Claims

1. A system for managing electric purchasing strategies, comprising:

a processor for receiving electric pricing information, receiving electric usage information, receiving a plurality of input parameters, and generating electric purchasing strategies based on the electric pricing information, the electric usage information, and the plurality of input parameters; and

a memory for storing the electric pricing information, storing the electric usage information, storing the plurality of input parameters, and storing the electric purchasing strategies.

2. The system for managing electric purchasing strategies of claim 1, wherein the electric pricing information is electronically received from at least one Regional Transmission Organization (RTO) or Independent System Operator (ISO).

3. The system for managing electric purchasing strategies of claim 2, wherein the electric pricing information is electronically received from the at least one RTO or ISO on a periodic basis.

4. The system for managing electric purchasing strategies of claim 1, wherein the electric usage information is electronically imported from an electric company selected to supply electric power for a building.

5. The system for managing electric purchasing strategies of claim 1, wherein the electric usage information is received from an electronic power meter configured to determine electric usage information of a building.

6. The system for managing electric purchasing strategies of claim 1, wherein the electric purchasing strategies include at least one of an electric pricing strategy, an electric usage strategy, an electric cost analysis strategy, a hedge position strategy, a projection strategy, a futures pricing strategy, and a cross commodity strategy.

7. The system for managing electric purchasing strategies of claim 1, wherein the processor receives information related to at least one commodity that influences electric pricing and wherein the memory stores the information related to at least one commodity.

8. The system for managing electric purchasing strategies of claim 2, wherein the processor generates and outputs pricing information based on a cost of power for a specific RTO or block cost as a function of time.

9. The system for managing electric purchasing strategies of claim 8, wherein the pricing information reflects peak usage time, off peak usage time, or an aggregate of peak and off peak usage times.

10. The system for managing electric purchasing strategies of claim 1, wherein the processor generates and outputs interval information based on a an amount of electricity used or a size of a block of electricity purchased as a function of time.

11. The system for managing electric purchasing strategies of claim 10, wherein the interval information is based in part on least one of hedging information, overage information, aggregate information, and load factor information.

12. The system for managing electric purchasing strategies of claim 1, wherein the processor generates and outputs cost information based on an unhedged cost and an amount of electricity used, or a block cost and a block purchase size as a function of time.

13. The system for managing electric purchasing strategies of claim 12, wherein the cost information is based in part on least one of block information, unhedged information, cost information, retail adder information, line loss information, overage information, blended cost information, and usage information.

14. The system for managing electric purchasing strategies of claim 1, wherein the processor generates and outputs block information based on a total amount of electric blocks purchased for a specified period as a function of time.

15. The system for managing electric purchasing strategies of claim 14, wherein the block information is based in part on least one of a market price, a price average, a block size, a hedging factor, a usage amount, and actual purchase information.

16. The system for managing electric purchasing strategies of claim 1, wherein the processor generates and outputs budget information as set forth in Table 5A.

17. The system for managing electric purchasing strategies of claim 1, wherein the processor generates and outputs futures information based on a unit price for futures contracts for the dates specified as a function of time.

18. The system for managing electric purchasing strategies of claim 1, wherein the processor generates and outputs cross commodity information based on an average unit cost, a futures unit cost, or a unit cost for a utility other than electricity as a function of time.

19. A method for managing electric purchasing strategies, comprising:

receiving by a processor electric pricing information and storing in a memory the electric pricing information;

receiving by the processor electric usage information and storing in the memory the electric usage information;

receiving by the processor a plurality of input parameters and storing in the memory the plurality of input parameters; and

generating by the processor electric purchasing strategies based on the electric pricing information, the electric usage information, and the plurality of input parameters.

20. A system for managing electric purchasing strategies, comprising:

a processor for electronically receiving on a periodic basis electric pricing information from at least one Regional Transmission Organization (RTO) or Independent System Operator (ISO), electronically importing electric usage information from an electric company selected to supply electric power for a building, electronically receiving information related to at least one commodity that influences electric pricing, receiving a plurality of input parameters, and generating electric purchasing strategies based on the electric pricing information, the electric usage information, and the plurality of input parameters, the electric purchasing strategies including at least one of an electric pricing strategy, an electric usage strategy, an electric cost analysis strategy, a hedge position strategy, a projection strategy, a futures pricing strategy, and a cross commodity strategy; and

a memory for storing the electric pricing information, storing the electric usage information, storing the plurality of input parameters, storing the information related to at least one commodity, and storing the electric purchasing strategies.