System, method, and apparatus for settlement for participation in an electric power grid
First Claim
1. A system for market-based financial settlement of transactions within an electric power grid network comprising:
- a settlement processor;
at least one coordinator; and
at least one active grid element;
the settlement processor for market-based financial settlements comprises a server and/or a processor operatively coupled with a memory, and a database constructed and configured for electrical connection and IP-based communication via a network with at least one coordinator;
the at least one coordinator is constructed and configured for electrical connection and IP-based network communication with the at least one active grid element that is registered to participate within the electric power grid;
the at least one active grid element generates information for a market-based financial settlement that includes at least one kilowatt packet (KWP) unit;
a settlement message is transmitted via IP-based messaging from the at least one active grid element to the settlement processor and/or the at least one coordinator;
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;
the at least one KWP unit each comprises measured data transformed into settlement grade data for market financial settlement for load and supply corresponding to each of the at least one active grid element participation in the electric power grid for load or supply;
and the at least one KWP unit each provides a quantifying market rate for monetization for any unit of kilowatts with respect to time.
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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
28 Claims
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1. A system for market-based financial settlement of transactions within an electric power grid network comprising:
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a settlement processor; at least one coordinator; and at least one active grid element; the settlement processor for market-based financial settlements comprises a server and/or a processor operatively coupled with a memory, and a database constructed and configured for electrical connection and IP-based communication via a network with at least one coordinator; the at least one coordinator is constructed and configured for electrical connection and IP-based network communication with the at least one active grid element that is registered to participate within the electric power grid; the at least one active grid element generates information for a market-based financial settlement that includes at least one kilowatt packet (KWP) unit; a settlement message is transmitted via IP-based messaging from the at least one active grid element to the settlement processor and/or the at least one coordinator; 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; the at least one KWP unit each comprises measured data transformed into settlement grade data for market financial settlement for load and supply corresponding to each of the at least one active grid element participation in the electric power grid for load or supply; and the at least one KWP unit each provides a quantifying market rate for monetization for any unit of kilowatts with respect to time. - 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)
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25. A system for market-based financial settlement of transactions within an electric power grid network comprising:
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a settlement processor for market-based financial transactions; a legacy settlement processor; at least one coordinator; and at least one grid element; the settlement processor for market-based financial transactions and the legacy settlement processor, each comprise a server or a processor operatively coupled with a memory, and a database constructed and configured for electrical connection and IP-based communication via a network with at least one coordinator; the at least one coordinator is constructed and configured for electrical connection and IP-based network communication with the at least one grid element that is registered to participate within the electric power grid; the at least one grid element transmits a settlement message via IP-based messaging from to the settlement processor or the at least one coordinator; the settlement message further includes an IP packet relating to a revenue grade metrology associated with at least one KWP unit for a market-based financial settlement corresponding to the participation of the at least one grid element associated with the revenue grade metrology. - View Dependent Claims (26, 27, 28)
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Specification