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SYSTEM, METHOD, AND APPARATUS FOR SETTLEMENT FOR PARTICIPATION IN AN ELECTRIC POWER GRID

  • US 20140114844A1
  • Filed: 10/24/2012
  • Published: 04/24/2014
  • Est. Priority Date: 10/24/2012
  • Status: Active Grant
First Claim
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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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