US 2018/0293674 A1 · System and Method for Retail Consumers to Purchase Dynamically Priced Wholesale Electricity Generation Services

Abstract

A system of collecting retail consumer electricity kilowatt hour consumption interval data from the electric distribution company meter, on a real-time basis, at a multiple of locations, for the purpose of procuring and billing interval consumption through a wholesale electricity market managed by an independent system operator and billing those costs to specific customers based on their actual electricity consumption intervals. All customer electricity consumption is collected on a universal time interval and transmitted using cellular or wireless communications to a central data center and energy trading desk. When purchases of interval loads are completed for the day, the data server software allocates aggregate electricity costs back to individual customer accounts based on actual interval loads. Customers have access to real-time consumption and corresponding wholesale prices for purposes of curtailing consumption to reduce electricity interval costs. The system includes a billing mechanism for single rate billing on the electric distribution company utility bill.

Claims14

Dependent claims

A system and method for collecting customer kilowatt hour consumption interval data from the electric distribution company revenue meter for the purpose of procuring wholesale electricity generation services and comprising:

a. a local pulse output protector, or similar device to acquire electricity kilowatt hour consumption from the electric distribution company meter on a real-time basis,
b. a solid-state data storage and communication module that is powered from a standard single, phase outlet or from a solar photovoltaic module, charge controller, and battery backup if;standard outlet power is not easily accessible near the EDC revenue meter,
c. communication module that sends customer electricity interval data via a cellular or wireless connection, wherein customer electricity interval data is collected on a real-time basis at a central data server with a plurality of customer(s),
d. a software module that monitors the status of the battery providing backup power to the solid-state data storage & communications module,
e. a software algorithm residing at the central data server that remotely communicates to the solid-state data storage & communication module to synchronize time intervals with a plurality of customer locations with an astronomical time clock, and
f. a central data server and trading desk utilizing software to aggregate a plurality of customer's actual electricity interval KWh consumption to procure and clear loads through a dynamically-priced wholesale electric generation market.

3 more elements

A system for collecting real-time electricity KWh consumption interval data comprising:

a. a central data server located remotely from a plurality of customers,
b. a plurality of customer electricity KWh consumption interval data being collected on a real-time basis from individual customer locations via a cellular or cable internet connection,
c. individual customer electricity KWh consumption interval data is collected and placed in individual secure customer electronic files within the central data server(s),
d. individual customer and a plurality of customer's actual electricity consumption interval data is compiled and utilized by the energy trading desk for purposes of procuring wholesale electricity generation services in both the day-ahead and real-time market(s),
e. individual customer and a plurality of customer's actual electricity consumption interval data is cleared through the, electric distribution company and ISO daily load settlement process through the transfer of customer's actual electric consumption interval data used for purposes of load settlement(s),
f. individual customer actual electricity consumption interval data is accessible by the customer through a secure web-browser and phone application to view real-time electricity KWh consumption interval data and historical electricity consumption interval data,
g. a central data server that receives day-ahead and real-time wholesale electricity interval pricing from the ISO and provides said interval pricing with corresponding electricity KWh consumption interval data to its customer(s) via a secure web-browser dashboard and phone application on a real-time basis,
h. a secure web-browser dashboard and phone application that provides dynamic price signals for purposes of enabling customers with real-time information to curtail electricity KWh consumption during high price intervals and intervals that may establish the customer(s)' annual I-Cap tag

5 more elements

Dependencies are inferred from the claim text.

System and Method for Retail Consumers to Purchase Dynamically Priced Wholesale Electricity Generation Services

Life of this patent

System and Method for Retail Consumers to Purchase Dynamically Priced Wholesale Electricity Generation Services

Life of this patent

Abstract

Claims14