Renewable energy credit management system and method

• US 20140229394A1
• Filed: 02/10/2014
• Published: 08/14/2014
• Est. Priority Date: 02/08/2013
• Status: Abandoned Application

• Current Assignee: Open Access Technology International
• Original Assignee: Open Access Technology International
• Inventors: Slutsker, Ilya, Mokhtari, Sasan, Gonzalez-Perez, Carlos, Lundstedt, John, Banerjee, Nirmalya, Rajagopalan, Shankar
• Application Number:
  US14/176,590
• Publication Number:
  US 20140229394A1
• Time in Patent Office: Days
• US Class Current: 705/317
• CPC Class Codes: G06Q 30/018 Certifying business or products

Abstract

The invention provides a method of automatically attributing energy and Renewable Energy Credits (RECs) to contractual and market obligations. The input of energy and RECs will automatically fit into existing data models, allowing immediate attribution upon upload. The invention will immediately calculate the energy balance of the input, accounting for such factors as resource generation, energy inputs, native load, station service, and obligations. Users can specify numerous energy and REC sources to be attributed simultaneously, such attribution happening according to either system or user-defined attribution policies. The invention allows users to manipulate the data to best facilitate use of their RECs, displaying REC positions over user-specified periods of time.

Claims

1. A method of managing renewable energy credits (RECs) comprising:

a. providing a server, having memory, to run a program for managing RECs;

b. importing data into the server memory, the imported data comprising one or more resources, the RECs generated from the one or more resources, the energy generated from the one or more resources, and one or more obligations;

c. allocating RECs to the one or more obligations using one or more predefined rules;

d. allocating energy to the one or more obligations using one or more predefined rules;

e. providing the user with a REC position.

2. The method of managing renewable energy credits (RECs) of claim 1 wherein the imported data is validated, and further wherein an error is communicated to the user if the imported data fails validation.

3. The method of managing renewable energy credits (RECs) of claim 1 wherein the energy and REC inputs are comprised of the energy generated from each of a plurality of generating resources, the energy used by each of the plurality of generating resources, the native load, the RECs earned from each of the plurality of generating resources, and energy imports, and further wherein the one or more obligations is comprised of the energy sold through contracts and/or to one or more market(s), and further wherein the data imported comprises the current pricing for RECs in each of a plurality of regions.

4. The method of managing energy and renewable energy credits (RECs) of claim 3 further including the step of modeling imported data by matching incoming obligations with the energy sources and/or RECs.

5. The method of managing renewable energy credits (RECs) of claim 3 further including the step of calculating the energy balance of factors comprising the resource generation, energy inputs, native load, stations service, and obligations.

6. The method of managing renewable energy credits (RECs) of claim 1 further including the step of creating one or more rules to allocate RECs and/or energy to obligations.

7. The method of managing renewable energy credits (RECs) of claim 3 wherein RECs from one source may be allocated independently of the energy of the same source.

8. The method of managing renewable energy credits (RECs) and/or energy of claim 6 wherein allocated RECs and/or energy are assigned resource priorities that specify the order in which those resources will be allocated during execution of the rule.

9. The method of managing renewable energy credits (RECs) and/or energy of claim 8 wherein RECs and/or energy on the same resource priorities can have an equal percentage allocation.

10. The method of managing renewable energy credits (RECs) and/or energy of claim 8 wherein RECs and/or energy on the same resource priorities can be allocated using supplied percentage allocation.

11. The method of managing renewable energy credits (RECs) of claim 1 wherein each transaction is comprised of a transaction type, resource, vintage month, REC quantity, price, currency, broker name, broker commission type, broker commission dollar amount and deal date.

12. The method of managing renewable energy credits (RECs) of claim 1 further including limit monitoring during REC allocation.

13. The method of managing energy of claim 1 further including the step of stopping allocation and signaling an error if an energy obligation is ever unsatisfied at the conclusion of a rule.

14. The method of managing renewable energy credits (RECs) of claim 1 further including the step of communicating excess RECs, which can then be sold.

15. The method of managing renewable energy credits (RECs) of claim 1 further including the step of generating one or more reports.

16. Renewable energy credit management system comprising:

a computer program for use with a graphics display device,

the computer program comprising a computer usable medium having computer readable program code means embodied in the medium for modeling, organizing, and reporting an organization'"'"'s renewable energy credits (RECs) generation and allotment.

17. The renewable energy credit management system of claim 16 wherein the computer program further comprises computer readable program code means for creating a rule governing REC/energy allotment from entities to a given obligation (Obligation).

18. The renewable energy credit management system of claim 17, wherein the rule comprises a plurality of energy components, the finished allotment for this Obligation then being turned into a single rule.

19. The renewable energy credit management system of claim 17 wherein the rules are arranged in specified sequential order.

20. The renewable energy credit management system of claim 16 wherein the computer readable program code means also provides means for displaying a report on REC generation and allotment.

21. The renewable energy credit management system of claim 16 wherein the computer readable program code means for analyzing, monitoring, and projecting past, present, and future REC generation and allotment.

22. The renewable energy credit management system of claim 17 where each Rule is built with with all necessary characteristics as far as its data needs, execution logic, and interaction with users are concerned.

23. The renewable energy credit management system of claim 16 wherein a transaction is created every time a REC is allotted in the system.

24. A renewable energy credit management system comprising:

a computer program for use with a server having a memory,

a computer program running in the memory for modeling, organizing, and reporting an organization'"'"'s renewable energy credit (REC) generation and allotment, the computer program being configured to;

a. import data into the server memory, the imported data comprising one or more resources, the RECs generated from the one or more resources, one or more obligations, and REC prices;

b. allocate RECs to the one or more obligations using one or more predefined rules;

c. allocate energy to the one or more obligations using one or more predefined rules;

d. create a transaction for each REC allocated;

e. provide a REC position.