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System and method for managing utility consumption

  • US 7,349,765 B2
  • Filed: 02/18/2005
  • Issued: 03/25/2008
  • Est. Priority Date: 02/18/2005
  • Status: Active Grant
First Claim
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1. A method for managing utility consumption by one or more loads, the method comprising:

  • identifying an optimization horizon over which to substantially optimize utility consumption decisions;

    identifying an objective function to be optimized;

    identifying likely utility draws over the optimization horizon, wherein the likely utility draws are identified from at least one of production planning data, production planning schedules, ambient conditions, historical utility draw information, current utility draw information, or time varying profiles of the utility draws;

    identifying constraints on the utility draws;

    utilizing an optimization algorithm to substantially optimize the objective function subject to identified utility draws and constraints within the optimization horizon to generate a derived substantially optimal utility consumption strategy; and

    outputting the derived substantially optimal utility consumption strategy;

    wherein substantially optimizing the objective function includes utilizing the optimization algorithm until a predetermined stopping criterion is met.

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