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System and methods that facilitate the introduction of market based economic models for electric power

  • US 5,894,422 A
  • Filed: 01/27/1997
  • Issued: 04/13/1999
  • Est. Priority Date: 01/27/1997
  • Status: Expired due to Fees
First Claim
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1. A metering/billing system that when introduced into an existing electric power company facilitates its transition away from present electric utility'"'"'s cost based, fixed rate, regulated economic model into advanced market based, competitive deregulated economic models, is comprised of:

  • a multiplicity of smart meters each being comprised of;

    means to measure energy consumption per long unit of time;

    means to sequentially store numbers representing said measured energy consumption, with said numbers being accumulated over a meter read cycle;

    means to measure time duration of any power outage condition and cumulatively store outage duration times over said meter read cycle;

    means to permanently store customer ID(identification) code and semi-permanently store current choice-of-supplier code; and

    a means to respond to properly addressed meter-reader radio commands by reading out said smart meter'"'"'s stored information for transmission to a meter reader;

    a number of smart-meter-readers each comprised of;

    means to initiate an interrogation of a particular smart meter;

    means to store information being received;

    means for generating a calendar-time tag for when each smart meter begins interrogation; and

    means to transfer said meter reader'"'"'s information, gathered from many smart meter interrogations, to a billing computer; and

    saidbilling computer is programmed;

    to receive and appropriately segregate inputted meter reader relayed information;

    to assign a calendar-time number to each said long unit-of-time over a billing cycle, referencing each said calendar-time number from said meter reader'"'"'s calendar-time tag;

    to use choice-of-supplier code to pick the appropriate supplier-provided look-up calendar-time/price listing and using said assigned calendar-time to select price from said listing;

    to compute each bill from said selected price, and energy consumed over each long unit-of-time interval; and

    to use cumulative power outage time data to generate an annualized reliability factor for each customer, from which said bill is appropriately adjusted.

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