Patent ID: 7089190

Claim:
A method for optimizing utilization of electric power for a plurality of electric power users, said electric power provided from electric power providers such as electric power generating facilities including hydroelectric facilities, nuclear power plants, wind energy generation facilities, fossil fuel facilities, other large-scale power producing facilities, and from other electric power users who have stored in one form or another surplus electrical power, said method comprising: a. obtaining actionable data comprising at least all of the following: i. electrical load requirement data from a plurality of electric power users; ii. electric power generation data from said electric power providers; iii. weather data; iv. targeted source water volume power data from one or more resources; b. importing the actionable data into an electrical power optimization database; c. executing a power optimization application resident in the optimization database to access the obtained data in the power optimization database; d. preparing a forecast of the electrical load requirements for the various users utilizing the weather satellite data and electrical load requirement data; e. correlating the forecasted electrical load requirements for the various electric power users with the available electrical power data from the various electrical power providers; f. executing an optimization process in the optimization application to optimize the electrical power use of the various electric power users by: i. utilizing the correlated forecasted electrical load requirement data and available electric power data to determine a day-ahead electrical power utilization position; ii. allocating electrical power into either a peak load use range or a low load use range; iii. using the actionable data to determine a maximum electrical power use violation level and a minimum electrical power use violation level; iv. allocating a certain amount of electrical power to be used for real-time open market use; v. correlating the used electrical power with the forecasted electrical load requirements to adjust for electrical power storage flexibility; g. producing a schedule based on the optimization of electrical power which maximizes and/or minimizes the usage of the power for various users; h. communicating the schedule back to the electrical power providers for scheduling of electrical power use for the various electrical power users.