Patent ID: 8719125
Filing Date: 2014-05-06
Classification: B60L,G05D,G06Q,G07F,H02J,H04L,Y02E,Y02P,Y02T,Y04S

Abstract:
1. A system for energy data management for market-based financial settlements comprising: a settlement processor for market-based financial settlements, comprising a server and/or a processor operatively coupled with a memory, and a database constructed and configured for electrical connection and IP-based communication via a network; a settlement message transmittable over the network via IP-based messaging, the settlement message further including an internet protocol (IP) packet for the market-based financial settlement corresponding to the participation for providing power supplied to an electric power grid and/or for load consumed by at least one grid element operable within an electric power grid, wherein the participation of the at least one grid element requires power supplied to and/or load consumed by the at least one grid element, and wherein the market-based financial settlement corresponds to at least one kilowatt packet (KWP) unit of participation by the at least one grid element, wherein each KWP unit comprises measured data transformed into settlement grade data for market financial settlement for load and supply corresponding to each of the active grid element(s) participation in the electric power grid for load or supply, and each KWP unit provides a quantifying market rate for monetization for any unit of kilowatts with respect to time.