SYSTEM, METHOD, AND APPARATUS FOR SETTLEMENT FOR PARTICIPATION IN AN ELECTRIC POWER GRID
First Claim
1. A system for market-based financial settlement of transactions within an electric power grid network comprising:
- a settlement processor for market-based financial settlements, comprising a server and/or a processor operatively coupled with a memory, database, constructed and configured for electrical connection and network-based communication via a network with at least one coordinator;
wherein each of the coordinator(s) is constructed and configured for electrical connection and network-based communication with at least one active grid element that is registered to participate within the electric power grid;
wherein the settlement processor for market-based financial settlements automatically generates a communication relating to each of the grid element(s) using revenue grade metrology for generating a market-based financial settlement;
wherein the communication includes settlement data for generating a market-based financial settlement for at least one grid element participating in an electric power grid.
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Accused Products
Abstract
Systems, methods, and apparatus embodiments for electric power grid and network registration and management of physical and financial settlement for participation of active grid elements in supply and/or curtailment of power. Settlement is provided for grid elements that participate in the electric power grid following initial registration of each grid element with the system, preferably through network-based communication between the grid elements and a coordinator, either in coordination with or outside of an IP-based communications network router. A multiplicity of active grid elements function in the grid for supply capacity, supply and/or load curtailment as supply or capacity, and are compensated through settlement for their functional participation in the electric power grid. Also, messaging related to settlement is managed through a network by a Coordinator using IP messaging for communication with the grid elements, with the energy management system (EMS), and with the utilities, market participants, and/or grid operators.
62 Citations
68 Claims
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1. A system for market-based financial settlement of transactions within an electric power grid network comprising:
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a settlement processor for market-based financial settlements, comprising a server and/or a processor operatively coupled with a memory, database, constructed and configured for electrical connection and network-based communication via a network with at least one coordinator; wherein each of the coordinator(s) is constructed and configured for electrical connection and network-based communication with at least one active grid element that is registered to participate within the electric power grid; wherein the settlement processor for market-based financial settlements automatically generates a communication relating to each of the grid element(s) using revenue grade metrology for generating a market-based financial settlement; wherein the communication includes settlement data for generating a market-based financial settlement for at least one grid element participating in an electric power grid. - View Dependent Claims (2, 3, 4, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68)
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5. (canceled)
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16-20. -20. (canceled)
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41-42. -42. (canceled)
Specification