System, method, and apparatus for settlement for participation in an electric power grid
First Claim
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.
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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, wherein Internet Protocol (IP)-based messages including IP packets are generated by transforming raw data content into settlement grade content. 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. 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
23 Claims
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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, and wherein 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.
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14. 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 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, wherein 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, wherein the electronic settlement message further includes a priority of delivery.
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16. An electronic settlement message for market-based financial settlement of transactions within an electric power grid network comprising an internet protocol (IP) packet including revenue grade metrology associated with at least one grid element,
wherein the revenue grade metrology corresponds to a participation of the at least one grid element within an electric power grid, 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 in real-time or within approximately 15 minutes after the participation of the at least one grid element within the electric power grid.
Specification