System, method, and apparatus for settlement for participation in an electric power grid
First Claim
1. A method for market-based financial settlement of transactions within an electric power grid network comprising:
- providing a settlement processor for market-based financial settlements, comprising a server and/or a processor operatively coupled with a memory, and a database constructed and configured for electrical connection and internet protocol (IP)-based communication via a network with at least one coordinator; and
wherein each of the coordinator(s) is constructed and configured for electrical connection and IP-based network communication with at least one active grid element that is registered to participate within the electric power grid;
the settlement processor generating information for a market-based financial settlement for each of the grid element(s) that includes at least one kilowatt packet (KWP) unit;
transmitting a settlement message via IP-based messaging, and wherein the settlement message further includes an IP packet including revenue grade metrology associated with each of the grid element(s) and the at least one KWP unit for the market-based financial settlement corresponding to the participation of the grid element(s) within the electric power grid;
wherein each KWP unit comprises measured data transformed into settlement grade data for market financial settlement for load and supply corresponding to each of the active grid element(s) participation in the electric power grid for load or supply; and
wherein each KWP unit provides a quantifying market rate for monetization for any unit of kilowatts with respect to time; and
wherein the at least one coordinator aggregates settlement messages from the at least one active grid elements.
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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.
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Citations
30 Claims
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1. A method for market-based financial settlement of transactions within an electric power grid network comprising:
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providing a settlement processor for market-based financial settlements, comprising a server and/or a processor operatively coupled with a memory, and a database constructed and configured for electrical connection and internet protocol (IP)-based communication via a network with at least one coordinator; and
wherein each of the coordinator(s) is constructed and configured for electrical connection and IP-based network communication with at least one active grid element that is registered to participate within the electric power grid;the settlement processor generating information for a market-based financial settlement for each of the grid element(s) that includes at least one kilowatt packet (KWP) unit; transmitting a settlement message via IP-based messaging, and wherein the settlement message further includes an IP packet including revenue grade metrology associated with each of the grid element(s) and the at least one KWP unit for the market-based financial settlement corresponding to the participation of the grid element(s) within the electric power grid; wherein each KWP unit comprises measured data transformed into settlement grade data for market financial settlement for load and supply corresponding to each of the active grid element(s) participation in the electric power grid for load or supply; and wherein each KWP unit provides a quantifying market rate for monetization for any unit of kilowatts with respect to time; and
wherein the at least one coordinator aggregates settlement messages from the at least one active grid elements. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25)
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26. A method for market-based financial settlement of transactions within an electric power grid network comprising the steps of:
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providing a settlement processor for market-based financial transactions and a legacy settlement processor, each comprising a server and/or a processor operatively coupled with a memory, and a database constructed and configured for electrical connection and internet protocol (IP)-based communication via a network with at least one coordinator; wherein each of the coordinator(s) is constructed and configured for electrical connection and IP-based network communication with at least one active grid element that is registered to participate within the electric power grid; the settlement processor aggregating revenue grade metrology from a multiplicity of grid elements and generates information for a market-based financial settlement for the grid element(s) that includes at least one kilowatt packet (KWP) unit; transmitting a settlement message via IP-based messaging; and wherein the settlement message further includes an IP packet relating to the aggregated revenue grade metrology and the at least one KWP unit for the market-based financial settlement corresponding to the participation of the grid element(s) within the electric power grid. - View Dependent Claims (27, 28, 29, 30)
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Specification