System, method, and apparatus for settlement for participation in an electric power grid
First Claim
1. A method for providing at least one electronic message by a processor operatively coupled with memory for market-based financial settlement of transactions within an electric power grid comprising the steps of:
- at least one grid element measuring a participation of the at least one grid element in the electric power grid using revenue grade metrology;
the at least one grid element sending the measurements to the processor over a network;
automatically generating a settlement message including an internet protocol (IP) packet having information required for generating a market-based financial settlement for participation for providing power supplied to an electric power grid and/or for load consumed by at least one grid element in the electric power grid;
wherein the IP packet further includes at least one kilowatt packet (KWP) unit;
wherein the at least one KWP unit comprises measured data transformed into settlement grade data for market financial settlement for load and/or supply corresponding to each of the active grid element(s) participation in the electric power grid for load or supply; and
wherein the at least one KWP unit 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, 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.
190 Citations
33 Claims
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1. A method for providing at least one electronic message by a processor operatively coupled with memory for market-based financial settlement of transactions within an electric power grid comprising the steps of:
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at least one grid element measuring a participation of the at least one grid element in the electric power grid using revenue grade metrology; the at least one grid element sending the measurements to the processor over a network; automatically generating a settlement message including an internet protocol (IP) packet having information required for generating a market-based financial settlement for participation for providing power supplied to an electric power grid and/or for load consumed by at least one grid element in the electric power grid; wherein the IP packet further includes at least one kilowatt packet (KWP) unit; wherein the at least one KWP unit comprises measured data transformed into settlement grade data for market financial settlement for load and/or supply corresponding to each of the active grid element(s) participation in the electric power grid for load or supply; and wherein the at least one KWP unit 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, 31, 32, 33)
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10. A method for generating a settlement message for electric power grid transactions comprising steps of:
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providing at least one grid element, a settlement processor, and a database; the at least one grid element creating revenue grade metrology by measuring a participation of the at least one grid element in an electric power grid, the participation including supplying power, consuming power and/or curtailing power consumption; the at least one grid element sending the revenue grade metrology to the settlement processor; the settlement processor transforming the revenue grade metrology into settlement grade data; the settlement processor receiving a time-based market rate from the database; the settlement processor creating at least one kilowatt packet (KWP) unit using the settlement grade data and the time-based market rate; the settlement processor automatically generating the settlement message including an internet protocol (IP) packet including the at least one KWP unit; wherein the at least one KWP unit comprises measured data transformed into settlement grade data for market financial settlement for load, supply, and/or curtailment corresponding to each of the active grid element(s) participation in the electric power grid for load or supply; and wherein the at least one KWP unit provides a quantifying market rate for monetization for any unit of kilowatts with respect to time. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. A method for generating a settlement message for electric power grid transactions comprising steps of:
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providing at least one grid element, a settlement processor, and a database; the at least one grid element creating revenue grade metrology by measuring a participation in an electric power grid, the revenue grade metrology including supplying power, consuming power and/or curtailing power consumption; the at least one grid element sending the revenue grade metrology to the settlement processor over a network; the settlement processor transforming the revenue grade metrology into settlement grade data; the settlement processor receiving a time-based market rate from the database; the settlement processor creating a settlement message including an internet protocol (IP) packet having information required for generating a market-based financial settlement for participation for supplying power, consuming power and/or curtailing power consumption; wherein the IP packet further includes at least one kilowatt packet (KWP) unit, wherein the at least one kilowatt packet (KWP) unit is created using the settlement grade data and the time-based market rate; wherein the at least one KWP unit comprises measured data transformed into settlement grade data for market financial settlement for load and/or supply corresponding to each of the active grid element(s) participation in the electric power grid for load, supply, and/or curtailment; and wherein the at least one KWP unit provides a quantifying market rate for monetization for any unit of kilowatts with respect to time. - View Dependent Claims (24, 25)
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26. A method for generating a settlement message for electric power grid transactions comprising steps of:
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providing at least one grid element, a settlement processor, and a database; the at least one grid element creating revenue grade metrology by measuring a participation in an electric power grid, the revenue grade metrology including supplying power, consuming power and/or curtailing power consumption; the at least one grid element sending the revenue grade metrology to the settlement processor over a network; the settlement processor initiating transformation of the revenue grade metrology into settlement grade data; the settlement processor receiving a time-based market rate from the database; the settlement processor creating at least one kilowatt packet (KWP) unit using the settlement grade data and the time-based market rate; the settlement processor automatically generating an internet protocol (IP) packet including the settlement message and the at least one KWP unit; wherein the IP packet includes information required for generating a market-based financial settlement for participation for supplying power, consuming power, and/or curtailing power consumption; wherein the at least one KWP unit comprises measured data transformed into settlement grade data for market financial settlement for supplying power, consuming power and/or curtailing power consumption; and wherein the at least one KWP unit provides a quantifying market rate for monetization for any unit of kilowatts with respect to time. - View Dependent Claims (27, 28, 29, 30)
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Specification