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System and methods for actively managing electric power over an electric power grid and providing revenue grade date usable for settlement

  • US 9,461,471 B2
  • Filed: 03/15/2013
  • Issued: 10/04/2016
  • Est. Priority Date: 06/20/2012
  • Status: Active Grant
First Claim
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1. A system for managing power information 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 Internet Protocol (IP)-based messages with power consuming devices and power supplying devices for generating operating reserves;

    wherein the IP-based message includes information relating to activities by the power consuming devices and the power supplying devices comprising power consumed by the power consuming devices and power supplied by the power supplying devices and an amount of power available to be reduced to each of the power consuming devices and an amount of power available to be supplied by each of the power supplying devices;

    a database for storing the information relating to the activities by the power consuming devices and the power supplying devices;

    wherein the information is transformed by the system into settlement grade data corresponding to the activities of the power consuming devices and the power supplying devices;

    wherein the amount of power available to be reduced to the power consuming devices is transformed into a supply equivalent value accepted by a governing entity;

    wherein the settlement grade data includes a quantification of revenue grade power available to be reduced or curtailed by the activities of the power consuming devices and revenue grade power available to be supplied by the activities of the power supplying devices;

    wherein the settlement grade data further includes information from any revenue grade meter or sub-meter capable of calculating and reporting revenue grade or acceptable metrology within a time interval; and

    wherein the settlement grade data is used for making financial settlement for load curtailment as a supply to a power market by the power consuming devices and energy supply to the power market by the power supplying devices.

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