System and method for a utility financial model
First Claim
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1. A method for financing installation of a new utility technology by a utility consumer after installation of the new utility technology at a facility associated with the utility consumer, the method comprising:
- obtaining, at a metering device, power usage information associated with operation of a second technology;
calculating, at a processor and based on the power usage information obtained from the metering device, a power base load capacity relief of an electrical system to a utility provider resulting from change from a first technology to the second technology;
receiving, at the processor, a technology cost including fixed and variable costs to install and maintain the second technology;
calculating, at the processor, a return needed for repayment of the technology cost;
determining, by the processor, a new utility rate by apportioning the return needed for repayment of the technology cost as a function of the power base load capacity relief; and
calculating and providing a utility invoice to the utility consumer for a power reduction over time at the new utility rate, the power reduction over time provided by use of the second technology;
wherein the amount billed to the utility consumer via the utility invoice is less than a cost savings attained by the utility consumer via the power base load capacity relief such that the amount billed to the utility consumer is financed via a portion of the cost savings.
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Abstract
A utility financial model involves the setting of a new utility rate after the introduction of a new utility technology that provides immediate capacity relief, reducing the base load capacity and the peak load capacity to electric power providers. The new utility rate is not based solely on performance of the new utility technology but rather based on fixed and variable costs to introduce the new utility technology.
68 Citations
7 Claims
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1. A method for financing installation of a new utility technology by a utility consumer after installation of the new utility technology at a facility associated with the utility consumer, the method comprising:
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obtaining, at a metering device, power usage information associated with operation of a second technology; calculating, at a processor and based on the power usage information obtained from the metering device, a power base load capacity relief of an electrical system to a utility provider resulting from change from a first technology to the second technology; receiving, at the processor, a technology cost including fixed and variable costs to install and maintain the second technology; calculating, at the processor, a return needed for repayment of the technology cost; determining, by the processor, a new utility rate by apportioning the return needed for repayment of the technology cost as a function of the power base load capacity relief; and calculating and providing a utility invoice to the utility consumer for a power reduction over time at the new utility rate, the power reduction over time provided by use of the second technology; wherein the amount billed to the utility consumer via the utility invoice is less than a cost savings attained by the utility consumer via the power base load capacity relief such that the amount billed to the utility consumer is financed via a portion of the cost savings. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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Specification