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;
wherein the settlement processor 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;
wherein 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;
wherein the at least one active grid element generates information for a market-based financial settlement that includes at least one kilowatt packet (KWP) unit based upon a participation within the electric power grid for load, supply, and/or curtailment of power;
wherein the participation within the electric power grid provides operating reserves and/or grid stabilization for the electric power grid;
wherein 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;
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 within the electric power grid within near-real-time or about less than fifteen minute intervals of the participation by the at least one active grid element;
wherein 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 the participation of each of the at least one active grid element in the electric power grid for load or supply;
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
wherein the at least one coordinator aggregates settlement messages from the at least one active grid element.
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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.
49 Citations
23 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; wherein the settlement processor 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; wherein 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; wherein the at least one active grid element generates information for a market-based financial settlement that includes at least one kilowatt packet (KWP) unit based upon a participation within the electric power grid for load, supply, and/or curtailment of power; wherein the participation within the electric power grid provides operating reserves and/or grid stabilization for the electric power grid; wherein 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; 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 within the electric power grid within near-real-time or about less than fifteen minute intervals of the participation by the at least one active grid element; wherein 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 the participation of each of the at least one active grid element in the electric power grid for load or supply; 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 wherein the at least one coordinator aggregates settlement messages from the at least one active grid element. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. 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 a multiplicity of grid elements; wherein the settlement processor for market-based financial transactions and the legacy settlement processor each comprise 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; wherein the at least one coordinator is constructed and configured for electrical connection and IP-based network communication with the multiplicity of grid elements that are registered to participate within the electric power grid; wherein at least one grid element aggregates revenue grade metrology from remaining grid element(s) and generates information for the market-based financial settlement for both the at least one grid element and the remaining grid element(s) that includes at least one kilowatt packet (KWP) unit; wherein a settlement message is transmitted via IP-based messaging from the at least one grid element to the settlement processor and/or the at least one coordinator; wherein the settlement message further includes an IP packet relating to the aggregated revenue grade metrology associated with the at least one KWP unit for the market-based financial settlement corresponding to the participation of the at least one grid element and the remaining grid element(s) within the electric power grid. - View Dependent Claims (15)
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16. 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 remotely positioned from the settlement processor; at least one master active grid element; a plurality of active grid elements; and at least one other active grid element; wherein the plurality of active grid elements and the at least one other active grid element are operable to perform at least one event within the electric power grid; wherein the at least one master active grid element is operable to aggregate revenue grade metrology data corresponding to the at least one event performed within the electric power grid by the plurality of active grid elements in real time or within approximately 15 minutes after the at least one event is performed within the electric power grid; wherein the at least one coordinator is operable to receive the revenue grade metrology data from the at least one master active grid element and the at least one other active grid element; wherein the at least one coordinator and/or the at least one master active grid element is operable to send a settlement message to the settlement processor in real-time or within approximately 15 minutes after receiving the revenue grade metrology data; wherein the settlement message includes an IP packet including the revenue grade metrology associated with at least one of the at least one master grid element, the plurality of active grid elements, and the at least one other active grid element; wherein the settlement processor is operable to provide 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