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 in an electric power grid network comprising the steps of:
- at least one active grid element participating in an electric power grid for load, supply, and/or curtailment of power to provide operating reserves and/or grid stabilization for the electric power grid;
the at least one active grid element generating information for a market-based financial settlement, the information including at least one kilowatt packet (KWP) unit based upon the participation in the electric power grid;
the at least one active grid element transmitting an IP-based settlement message to a settlement processor and/or at least one coordinator; and
the at least one coordinator aggregating settlement messages from the at least one active grid element;
wherein the at least one active grid element has a home location identifier and a non-home location identifier and the market-based financial settlement includes factors and attributes for grid element participation associated with the home location identifier and with the non-home location identifier;
wherein the IP-based settlement message further includes an IP packet including revenue grade metrology associated with each of the at least one active grid element and the at least one KWP unit for the market-based financial settlement corresponding to the participation of the at least one active grid element in the electric power grid;
wherein the at least one KWP unit each provides a quantifying market rate for monetization for any unit of kilowatts with respect to time and each comprises measured data transformed into settlement grade data for market financial settlement for load and supply corresponding to the participation of each of the at least one active grid element in the electric power grid for load or supply.
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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.
52 Citations
23 Claims
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1. A method for market-based financial settlement of transactions in an electric power grid network comprising the steps of:
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at least one active grid element participating in an electric power grid for load, supply, and/or curtailment of power to provide operating reserves and/or grid stabilization for the electric power grid; the at least one active grid element generating information for a market-based financial settlement, the information including at least one kilowatt packet (KWP) unit based upon the participation in the electric power grid; the at least one active grid element transmitting an IP-based settlement message to a settlement processor and/or at least one coordinator; and the at least one coordinator aggregating settlement messages from the at least one active grid element; wherein the at least one active grid element has a home location identifier and a non-home location identifier and the market-based financial settlement includes factors and attributes for grid element participation associated with the home location identifier and with the non-home location identifier; wherein the IP-based settlement message further includes an IP packet including revenue grade metrology associated with each of the at least one active grid element and the at least one KWP unit for the market-based financial settlement corresponding to the participation of the at least one active grid element in the electric power grid; wherein the at least one KWP unit each provides a quantifying market rate for monetization for any unit of kilowatts with respect to time and each comprises measured data transformed into settlement grade data for market financial settlement for load and supply corresponding to the participation of each of the at least one active grid element in the electric power grid for load or supply. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A method for market-based financial settlement of transactions in an electric power grid network comprising:
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at least one active grid element participating in an electric power grid for load, supply, and/or curtailment of power to provide operating reserves and/or grid stabilization for the electric power grid; the at least one active grid element generating information for a market-based financial settlement, the information including at least one kilowatt packet (KWP) unit based upon the participation in the electric power grid; the at least one active grid element providing a priority of delivery for an IP-based settlement message; the at least one active grid element transmitting the IP-based settlement message to a settlement processor and/or at least one coordinator; the at least one coordinator prioritizing the at least one IP-based settlement message with respect to at least one other message; wherein the settlement message further includes an IP packet including revenue grade metrology associated with each of the at least one active grid element and the at least one KWP unit for the market-based financial settlement corresponding to the participation of the at least one active grid element in the electric power grid; wherein the at least one KWP unit each provides a quantifying market rate for monetization for any unit of kilowatts with respect to time and each comprises measured data transformed into settlement grade data for market financial settlement for load and supply corresponding to the participation of each of the at least one active grid element in the electric power grid for load or supply. - View Dependent Claims (15)
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16. A method for market-based financial settlement of transactions in an electric power grid network comprising:
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a plurality of active grid elements and at least one other active grid element participating in the electric power grid; at least one master active grid element aggregating revenue grade metrology data corresponding to the participation in the electric power grid by the plurality of active grid elements in real time or within approximately 15 minutes after the participation in the electric power grid; at least one coordinator receiving the revenue grade metrology data from the at least one master active grid element and the at least one other active grid element; the at least one coordinator and/or the at least one master active grid element sending a settlement message to a settlement processor in real-time or within approximately 15 minutes after receiving the revenue grade metrology data; and the settlement processor providing a financial settlement based on the revenue grade metrology data. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23)
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Specification