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System and methods for actively managing electric power over an electric power grid

  • US 10,651,655 B2
  • Filed: 12/18/2014
  • Issued: 05/12/2020
  • Est. Priority Date: 06/20/2012
  • Status: Active Grant
First Claim
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1. A system for managing power on an electric power grid, comprising:

  • a server having a processor coupled with a memory, and constructed and configured for communication over a network for communicating IP-based messages with a plurality of distributed power consuming devices;

    a database for storing information including an amount of power consumed by each of the plurality of distributed power consuming devices and an amount of power available to be reduced to each of the plurality of distributed power consuming devices;

    wherein the plurality of distributed power consuming devices cross-communicate via IP-based messaging;

    wherein the database generates a supply equivalent value based on the historical consumption, real-time consumption and baseline consumption data for each of the plurality of distributed power consuming devices;

    wherein the supply equivalent value is confirmed by measurement and verification of reduction in consumed power;

    wherein the supply equivalent value is a monetary supply equivalent value providing a curtailment value as a supply presented to and accepted by a governing entity for awarding the plurality of distributed power consuming devices;

    wherein the supply equivalent value is transmitted via the IP-based messages;

    wherein the IP-based messages include information including at least one of a change in state of the plurality of distributed power consuming devices, a directive for a change in state of the plurality of distributed power consuming devices, a priority message, an alert, a status, an update, a location with respect to the electric power grid, a function, and device attributes;

    wherein a location with respect to the electric power grid allows for compensation for curtailment based on where the power is delivered or accepted by a generator of power or a purchaser of power;

    wherein the server receives or initiates power control commands requiring a reduction in power consumed by the plurality of distributed power consuming devices;

    wherein the plurality of distributed power consuming devices receive a signal in real-time or near-real time related to an economic event for curtailing or accepting power for a predetermined time interval;

    wherein the power control commands cause a reduction in power consumption for the plurality of distributed power consuming devices;

    wherein the system generates at least one Power Trade Block (PTB) unit by aggregating the supply equivalent value for each of the plurality of distributed power consuming devices;

    wherein the system provides operating reserves based upon the supply equivalent value for each of the plurality of distributed power consuming devices and/or the at least one PTBwherein the at least one PTB is accepted for bidding, trading, and settlement by an entity authorized by a government entity.

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