System, method, and apparatus for settlement for participation in an electric power grid
Systems, methods, and apparatus embodiments for electric power grid and network registration and management of physical and financial settlement for participation of active grid elements in supply and/or curtailment of power, wherein Internet Protocol (IP)-based messages including IP packets are generated by transforming raw data content into settlement grade content. Settlement is provided for grid elements that participate in the electric power grid following initial registration of each grid element with the system, preferably through network-based communication between the grid elements and a coordinator, either in coordination with or outside of an IP-based communications network router. Messaging related to settlement is managed through a network by a Coordinator using IP messaging for communication with the grid elements, with the energy management system (EMS), and with the utilities, market participants, and/or grid operators.
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.
2. The system of claim 1 , further including at least one coordinator, wherein each of the coordinator(s) is constructed and configured for electrical connection and IP-based network communication with the at least one grid element.
3. The system of claim 1 , wherein the at least one grid element is registered with the settlement processor to participate within the electric power grid.
4. The system of claim 1 , wherein the settlement processor generates information for a financial settlement for each of the grid element(s).
5. The system of claim 1 , wherein the IP packet includes at least one of revenue grade data and non-revenue grade data.
6. The system of claim 1 , wherein the IP packet is generated automatically by transforming a raw data content into a settlement grade content, and further including a settlement message used with the settlement grade content for determining financial settlement corresponding to participation in an electric power grid by at least one grid element.
7. The system of claim 1 , wherein the IP packet is encapsulated, constructed and configured for transmission over an IP-based network used for energy financial settlements communications.
8. The system of claim 1 , wherein the IP packet is routable through the network by a coordinator.
9. The system of claim 1 , wherein the IP packet is automatically generated by the at least one grid element.
10. The system of claim 1 , wherein the IP packet further includes a Power Supply Value (PSV) corresponding to participation in an electric power grid by at least one grid element.