Patent ID: 9691112
Date: 2017-06-27
CPC Classifications: G06Q

Claim:
1. A method of calculating a power budget, said method comprising: utilizing at least one processor to execute computer code configured to perform the steps of: receiving data, the data including data relating to a current state of an electrical grid at a power-drawing location which draws at least one variable electrical load, the at least one variable electrical load being subject to variable pricing; determining at least one prediction relating to a future state of the electrical grid over a predetermined future time period, wherein the determining comprises identifying an estimated pricing function for the predetermined future time period, an estimated grid state function for the predetermined future time period, and a power sensitivity index value; the determining comprising weighting the estimated pricing function and the estimated grid state function based on the power sensitivity index value and identifying the function having a higher weighted value and selecting, from the estimated pricing function and the estimated grid state function, a value, corresponding to the function having the higher weighted value, for the future state of the electrical grid; identifying, based upon the predicted future state of the electrical grid, a time period from the predetermined future time period corresponding to an overload of the electrical grid, wherein the identifying comprises identifying a value for the overload that is greater than a predetermined value; determining a future electrical load to be drawn at the power-drawing location for the time period from the predetermined future time period, wherein the future electrical load comprises a variable electrical load and a base electrical load at the power-drawing location; identifying a correlation between the predicted future state of the electrical grid and the future electrical load, wherein the correlation identifies a degree of influence of the future electrical load to the predicted future state of the electrical grid; and thereupon calculating a power budget, with respect to the power-drawing location, based on the correlation.