Patent ID: 9130402
Filing Date: 2015-09-08
Classification: G05B,G06Q,H02J,Y02B,Y04S

Abstract:
1. A method for generating operating reserves of a utility and/or any market participant of an electric power grid servicing one or more service points, the method comprising the steps of: determining amounts of electric power consumed by at least a first set of devices during at least one period of time to produce power consumption data, and a first power supply value (PSV) associated with each of the first set of devices, the first set of devices being located at the one or more service points; storing the power consumption data and the first PSV in a repository; determining that a control event is to occur during which a supply of electric power is to be reduced to at least the first set of devices; generating, prior to commencement of the control event and under an assumption that the control event is not to occur, power consumption behavior expected of the first set of devices during a first period of time based at least on the stored power consumption data, wherein the control event is expected to occur during the first period of time; determining, prior to commencement of the control event, projected energy savings resulting from the control event based at least on the actual power consumption behavior and a first PSV associated with each of the first set of devices, wherein commercial value for responding to the control event associated with the first set of devices is also determined based on the first PSV associated with each of the first set of devices; determining, prior to commencement of the control event, amounts of electric power stored by a second set of devices located at the one or more service points to produce stored power data, and a second power supply value (PSV) associated with each of the second set of devices; and determining, prior to commencement of the control event, an amount of available operating reserve based on the projected energy savings, the first PSV associated with each of the first set of devices, the second PSV associated with each of the second set of devices, and the stored power data.