System for Generating Cost-Efficient Low Emission Energy
OwnerSteven F. Millerinventor
Life of this patent
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Abstract
A method of economically substituting higher-priced clean energy sources for lower-price energy sources with negative environmental attributes by using a portion of the return on investment in a portfolio of residential, commercial, institutional or industrial energy efficiency measures to offset the cost of higher-priced, clean energy. Proceeds from investments and the monetization of the environmental benefits of the invention would are used to subsidize the cost of natural gas-fired plants so that they can economically displace coal-fired plants or other types of plants with similar negative environmental attributes as a source for base load power generation.
Claims8
A method for generating cost-efficient low emission energy,
- wherein a first system for generating electricity has a first cost for creating the system, a cost for generating a unit of electricity and an amount of undesirable emissions created for each unit of electricity generated by the first system, and
- a second system for generating electricity has a second cost for creating the system, a cost for generating a unit of electricity and an amount of undesirable emissions created for each unit of electricity generated by the second system,
- wherein the cost of creating the first system is less than the cost of creating the second system, the amount of undesirable emissions created for each unit of electricity generated by the first system is less than the amount of undesirable emissions created for each unit of electricity generated by the second system, and the cost of generating a unit of electricity using the second system is less than the cost of generating a unit of electricity using the first system, wherein the method comprises the steps of:
- creating the first system for generating electricity;
- providing an asset pool wherein the value of the asset pool relates to the difference between the cost of creating the second system and the cost of creating the first system;
- converting the asset pool into a stream of revenue, wherein the step of converting the asset pool comprises the steps of:
- identifying facilities requiring energy saving equipment;
- determining the estimated energy savings that will be recognized by utilizing the energy savings equipment in the facilities;
- and
- providing funds from the asset pool for the purchase of the energy saving equipment in exchange for an ongoing stream of future payments,
- wherein the payments correlate to one of either the estimated energy savings or the cost of the energy savings equipment;
- operating the first system for generating energy to produce electricity for customers;
- and
- using the stream of future payments to reduce the cost of generating a unit of electricity using the first system so that the cost to the customer of a unit of electricity generated using the first system is approximately the same as the cost of a unit of electricity generated using the second system.
A method for generating cost-efficient low emission energy, comprising the steps of:
- controlling the dispatch order of a plurality of electricity generating facilities, wherein the plurality of electricity generating facilities include at least a first facility, which is natural gas-fired, operating in the dispatch order as an intermediate load or peaking facility and a second facility, which is coal-fired, operating in a dispatch order as a base load or intermediate load facility;
- wherein the step of controlling the dispatch order comprises the steps of:
- linking the operation of the first facility and the second facility so that increased operation of the first facility offsets decreased operation of the second facility;
- and
- calculating a fuel offset payment that is proportional to the amount of increased operation of the first facility resulting from the decreased operation of the second facility, wherein the fuel offset payment is used to offset increased fuel costs resulting from increased operation of the first facility.
Dependencies are inferred from the claim text.