×

System, method, and apparatus for settlement for participation in an electric power grid

  • US 20150039398A1
  • Filed: 10/20/2014
  • Published: 02/05/2015
  • Est. Priority Date: 10/24/2012
  • Status: Active Grant
First Claim
Patent Images

1. An electronic settlement message for market-based financial settlement of transactions within an electric power grid network comprising an internet protocol (IP) packet including at least one kilowatt packet (KWP) unit based upon a participation of at least one grid element in an electric power grid for load, supply, and/or curtailment of power, the participation providing operating reserves and/or grid stabilization for the electric power grid,wherein the at least one KWP unit includes measured data transformed into settlement grade data for the market-based financial settlement and provides a quantifying market rate for monetization for any unit of kilowatts with respect to time,wherein at least one of the at least one grid element has a home location identifier and a non-home location identifier and the electronic settlement message includes factors and attributes for the participation of the at least one grid element associated with the home location identifier and/or the non-home location identifier,wherein the electronic settlement message is transmitted over the electric power grid network via IP-based messaging from the at least one grid element to a settlement processor and/or at least one coordinator over the electric power grid network, andwherein the electronic settlement message further includes revenue grade metrology associated with the at least one grid element and the at least one KWP unit for the market-based financial settlement corresponding to the participation of the at least one grid element within the electric power grid.

View all claims
  • 3 Assignments
Timeline View
Assignment View
    ×
    ×