HYBRID ENERGY MARKET AND CURRENCY SYSTEM FOR TOTAL ENERGY MANAGEMENT
First Claim
1. A method of managing consumption of energy in an energy market comprising a community of users, the method comprising:
- providing energy generation facilities;
providing a central energy authority which issues energy currency units to users and which sets an exchange rate between the energy currency units and a monetary currency unit, the exchange rate varying with time, thereby setting a variable price for energy;
permitting users to consume energy currency units through use of energy consumptive services within the energy market; and
permitting users to buy and sell energy currency units from and to the central energy authority at the then prevailing exchange rate.
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Abstract
A hybrid energy market and currency system is provided to manage energy consumption in an energy market comprising a community of users. A central energy authority issues energy currency units to users and sets an exchange rate between the energy currency units and a monetary currency unit, thereby setting a variable price for energy. Energy currency units have a defined validity period at the end of which the energy currency unit is automatically converted to monetary currency units by the central energy authority. Users consume energy currency units through use of energy consumptive services, such as domestic consumption of electricity and water, and through use of transportation. Users are also able to buy additional energy currency units from the central energy authority, and to sell them back. Users cannot speculatively trade energy currency units. Prices are set by comparing the cumulative actual and desired demand
153 Citations
14 Claims
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1. A method of managing consumption of energy in an energy market comprising a community of users, the method comprising:
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providing energy generation facilities; providing a central energy authority which issues energy currency units to users and which sets an exchange rate between the energy currency units and a monetary currency unit, the exchange rate varying with time, thereby setting a variable price for energy; permitting users to consume energy currency units through use of energy consumptive services within the energy market; and permitting users to buy and sell energy currency units from and to the central energy authority at the then prevailing exchange rate. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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Specification