System and method for billing a utility consumer after installation of a new lighting technology
AssigneeOrion Energy Systems, Inc.
InventorsNeal R. Verfuerth, Michael J. Potts
Life of this patent
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AssigneeOrion Energy Systems, Inc.
InventorsNeal R. Verfuerth, Michael J. Potts
Estimating the term…
A method includes 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.
A computerized method for billing a utility consumer after installation of a new lighting technology by the utility consumer at a facility associated with the utility consumer, the computerized method comprising:
Dependencies are inferred from the claim text.