System, method, and apparatus for settlement for participation in an electric power grid

• US 10,497,073 B2
• Filed: 07/07/2017
• Issued: 12/03/2019
• Est. Priority Date: 10/24/2012
• Status: Active Grant

• Current Assignee: Causam Exchange Incorporated
• Original Assignee: Causam Energy, Inc.
• Inventors: Forbes, Jr., Joseph W.
• Primary Examiner(s): Hayles, Ashford S
• Application Number:
  US15/644,080
• Publication Number:
  US 20170308969A1
• Time in Patent Office: 879 Days
• CPC Class Codes: B60L 53/305 Communication interfaces
• CPC Class Codes: B60L 53/63 in response to network capacity
• CPC Class Codes: B60L 53/64 Optimising energy costs, e.g. responding to electricity rates
• CPC Class Codes: B60L 53/68 Off-site monitoring or control, e.g. remote control
• CPC Class Codes: B60L 55/00 Arrangements for supplying energy stored within a vehicle to a power network, i.e. vehicle-to-grid [V2G] arrangements
• CPC Class Codes: G05D 17/00 Control of torque; Control of mechanical power
• CPC Class Codes: G05D 3/12 using feedback
• CPC Class Codes: G06Q 10/00 Administration; Management
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/145 Payments according to the detected use or quantity
• CPC Class Codes: G06Q 30/0206 Price or cost determination based on market factors
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/06 Energy or water supply
• CPC Class Codes: G07F 15/008 Rewarding for providing delivery of electricity to the network
• CPC Class Codes: H02J 13/00 Circuit arrangements for providing remote indication of network conditions, e.g. an instantaneous record of the open or closed condition of each circuitbreaker in the network; Circuit arrangements for providing remote control of switching means in a power distribution network, e.g. switching in and out of current consumers by using a pulse code signal carried by the network
• CPC Class Codes: H02J 13/00028 involving the use of Internet protocols
• CPC Class Codes: H02J 13/00034 : the elements or equipment being or involving an electric power substation
• CPC Class Codes: H02J 2203/20 : Simulating, e g planning, reliability check, modelling or computer assisted design [CAD]
• CPC Class Codes: H02J 3/008 : involving trading of energy or energy transmission rights
• CPC Class Codes: H04L 69/22 : Parsing or analysis of headers
• CPC Class Codes: H04L 69/325 : in the network layer [OSI layer 3], e.g. X.25 H04L69/16 takes precedence
• CPC Class Codes: Y02E 60/00 : Enabling technologies; Technologies with a potential or indirect contribution to GHG emissions mitigation
• CPC Class Codes: Y02P 80/10 : Efficient use of energy, e.g. using compressed air or pressurized fluid as energy carrier
• CPC Class Codes: Y02P 90/845 : Inventory and reporting systems for greenhouse gases [GHG]
• CPC Class Codes: Y02T 10/70 : Energy storage systems for electromobility, e.g. batteries
• CPC Class Codes: Y02T 10/7072 : Electromobility specific charging systems or methods for batteries, ultracapacitors, supercapacitors or double-layer capacitors
• CPC Class Codes: Y02T 90/12 : Electric charging stations
• CPC Class Codes: Y02T 90/14 : Plug-in electric vehicles
• CPC Class Codes: Y02T 90/16 : Information or communication technologies improving the operation of electric vehicles
• CPC Class Codes: Y02T 90/167 : Systems integrating technologies related to power network operation and communication or information technologies for supporting the interoperability of electric or hybrid vehicles, i.e. smartgrids as interface for battery charging of electric vehicles [EV] or hybrid vehicles [HEV]
• CPC Class Codes: Y04S 10/126 : the energy generation units being or involving electric vehicles [EV] or hybrid vehicles [HEV], i.e. power aggregation of EV or HEV, vehicle to grid arrangements [V2G]
• CPC Class Codes: Y04S 30/14 : Details associated with the interoperability, e.g. vehicle recognition, authentication, identification or billing
• CPC Class Codes: Y04S 40/128 : involving the use of Internet protocol
• CPC Class Codes: Y04S 50/10 : Energy trading, including energy flowing from end-user application to grid
• CPC Class Codes: Y04S 50/12 : Billing, invoicing, buying or selling transactions or other related activities, e.g. cost or usage evaluation
• CPC Class Codes: Y04S 50/14 : Marketing, i.e. market research and analysis, surveying, promotions, advertising, buyer profiling, customer management or rewards

Abstract

Systems and methods for market-based financial settlement of transactions within an electric power grid are disclosed. At least one active grid element is constructed and configured in Internet Protocol (IP)-based network communication with a settlement processor via at least one coordinator in real-time or in a predetermined timeframe. The at least one active grid element generates revenue grade metrology data based on measurement and verification for a participation of the at least one active grid element in the electric power grid. The at least one active grid element provides automated messaging to the settlement processor. The settlement processor provides a market-based financial settlement message based upon the revenue grade metrology data and a kilowatt packet (KWP) unit. The KWP unit provides a quantifying market rate for monetization for any unit of kilowatts with respect to time.

Claims

1. A system for market-based financial settlement of transactions within an electric power grid, comprising:

at least one active grid element constructed and configured in Internet Protocol (IP)-based network communication with a settlement processor via at least one coordinator in real-time or in a predetermined timeframe;

wherein the at least one active grid element generates revenue grade metrology data based on measurement and verification for a participation of the at least one active grid element in the electric power grid;

wherein the at least one active grid element provides automated messaging to the settlement processor;

wherein the settlement processor provides a market-based financial settlement message based upon the revenue grade metrology data and a kilowatt packet (KWP) unit; and

wherein the KWP unit provides a quantifying market rate for monetization for any unit of kilowatts with respect to time.

2. The system of claim 1, wherein each KWP unit further comprises measured data transformed into market settlement data used for financial settlement for an electric power load, an electric power supply, or transmission distribution service provider (TDSP) corresponding to the participation of the at least one active grid element in the electric power grid.

3. The system of claim 1, wherein the market-based financial settlement message is further based on a power supply value (PSV) unit, or a power trading block (PTB) unit, wherein the PSV unit is a systematic unit for addressing power curtailment or power supply for providing grid stability or grid reliability, and wherein the PTB unit is a standard unit that provides for blocks of energy to be introduced, aggregated, and settled for a market-based financial settlement.

4. The system of claim 1, further including a multiplicity of grid elements that aggregate or integrate through a master grid element or a virtual grid element.

5. The system of claim 4, wherein the master grid element or the virtual grid element represents a participation of the multiplicity of grid elements with an aggregated KWP unit for the participation of the multiplicity of grid elements.

6. The system of claim 4, wherein the multiplicity of grid elements, upon aggregation or integration, transform into sub-grid elements.

7. The system of claim 1, wherein the at least one active grid element has a unique identifier for the market-based financial settlement.

8. The system of claim 7, wherein the unique grid element identifier includes an IP address, an equipment identifier, or a Media Access Control (MAC) address.

9. The system of claim 7, wherein the unique grid element identifier further includes location-based factors, time-based factors, or grid-function-based factors.

10. The system of claim 1, wherein the at least one active grid element is an electrical device that consumes power from the electric power grid, provides power to the electric power grid, or measures power consumed from or supplied to the electric power grid.

11. The system of claim 1, wherein the at least one active grid element is selected from the group consisting of:

a sensor, a power-consuming device, an appliance, a meter, a switch, a controller, a control device, a power control subsystem integrated with grid element for supply, a thermostat, a building control system, and a security device.

12. The system of claim 1, further comprising a database operable to store registration information of the at least one active grid element for predetermined periods of time for financial settlement associated with the at least one active grid element, and information relating to financial settlement of the participation of the at least one active grid element, and settled measurements transformed from raw measurement data.

13. The system of claim 1, further comprising an IP-based interface that facilitates communication with the at least one active grid element, wherein the IP-based interface is selected from the group consisting of WiMax, High Speed Packet Access (HSPA), Evolution for Data Only (EVDO), Long Term Evolution (LTE), any first or second generation wireless transport method such as Enhanced Data Rates for GSM Evolution (EDGE), or Code Division Multiple Access (CDMA), Ethernet, and any proprietary Layer 1-4 protocol that contains or is capable of transporting an Internet Protocol message.

14. The system of claim 1, further comprising a security interface associated with the at least one active grid element.

15. The system of claim 1, wherein the market-based financial settlement message further comprises at least one of:

a geodetic reference, a grid element identifier, a grid element type, a grid element function, a grid element capacity, a grid element profile, a grid element attachment point reference, a KWP value, a grid element power supply value (PSV), a grid element power trade block (PTB) value, a grid element balancing authority association, a grid element owner identifier, or a grid element compatibility identifier.

16. The system of claim 1, wherein the market-based financial settlement message is based on factors for grid stability-based pricing, factors for operating reserves-based pricing, or factors considering peak and off-peak timing.

17. A method for market-based settlement of transactions within an electric power grid, comprising:

providing at least one active grid element constructed and configured in Internet Protocol (IP)-based network communication with a settlement processor via at least one coordinator;

the at least one active grid element generating revenue grade metrology data for a participation in the electric power grid based on measurement and verification;

the at least one active grid element providing automated messaging to the settlement processor via the at least one coordinator in real-time or in a predetermined timeframe; and

the settlement processor providing a market-based financial settlement message based upon the revenue grade metrology data and a kilowatt packet (KWP) unit,

wherein the KWP unit provides a quantifying market rate for monetization for any unit of kilowatts with respect to time.

18. The method of claim 17, further comprising the at least one coordinator registering the at least one active grid element for actively participating in the electric power grid.

19. The method of claim 17, further comprising the at least one active grid element updating at least one attribute to the settlement processor.

20. The method of claim 17, further comprising a multiplicity of grid elements aggregating into a master grid element or a virtual grid element, wherein the master grid element or the virtual grid element represents the participation of the multiplicity of grid elements with an aggregated KWP unit for the participation of the multiplicity of grid elements.