System, method, and apparatus for settlement for participation in an electric power grid
Systems and methods for market-based financial settlement in an electric power grid are disclosed. A settlement processor is constructed and configured for IP-based communication with at least one active grid element via at least one coordinator. The at least one active grid element is registered with the at least one coordinator to participate within the electric power grid. The at least one coordinator tracks the at least one active grid element in the electric power grid. The at least one active grid element transmits at least one IP-based settlement message to the settlement processor via the at least one coordinator. The at least one IP-based settlement message comprises at least one kilowatt packet (KWP) unit, and the at least one KWP unit is based on measurement data for a participation of the at least one active grid element in the electric power grid. The settlement processor provides a market-based financial settlement for the participation of the at least one active grid element based on the at least one KWP unit in real time or near real time.
1. A system for market-based financial settlement in an electric power grid, comprising:
a settlement processor;
at least one coordinator; and
at least one active grid element;
wherein the settlement processor is constructed and configured for Internet Protocol (IP)-based communication with the at least one active grid element via the at least one coordinator;
wherein the at least one active grid element is registered with the at least one coordinator to participate within the electric power grid;
wherein the at least one active grid element is configured to transmit at least one IP-based settlement message to the settlement processor via the at least one coordinator;
wherein the at least one IP-based settlement message comprises revenue grade metrology data for a participation of the at least one active grid element in the electric power grid; and
wherein the settlement processor is operable to provide a market-based financial settlement for the participation of the at least one active grid element based on the at least one IP-based settlement message in real time or near real time.
2. The system of claim 1 , wherein the at least one IP-based settlement message further comprises at least one kilowatt packet (KWP) unit, and wherein the at least one KWP unit is based on the revenue grade metrology data.
3. The system of claim 1 , wherein the at least one active grid element is selected from the group consisting of at least one power supply device, at least one power storage device, and at least one power consuming device.
4. The system of claim 1 , wherein the at least one active grid element is mobile.
5. The system of claim 1 , wherein the participation of the at least one active grid element comprises at least one of supplying power to the electric power grid, storing power from the electric power grid, consuming power from the electric power grid, and/or curtailing power from the electric power grid as supply.
6. The system of claim 1 , wherein the at least one coordinator is operable to monitor a capacity, a location, a state, an operational purpose, pricing, and/or quantity bids for the at least one active grid element.
7. The system of claim 1 , wherein the at least one coordinator is operable to match and prioritize the at least one active grid element.
8. The system of claim 1 , wherein the at least one coordinator is operable to obtain and communicate real-time market information to the at least one active grid element.
9. The system of claim 8 , wherein the at least one active grid element is operable to modify and match market needs based on the real-time market information.
10. The system of claim 1 , wherein the at least one coordinator is operable to aggregate the at least one IP-based settlement message.
11. The system of claim 1 , wherein the at least one IP-based settlement message further comprises at least one of: a geodetic reference, an element identifier, a grid element type, a grid element function, a grid element capacity, a grid element profile, a grid element attachment point reference, a grid element balancing authority association, a grid element owner identifier, a grid element compatibility identifier, and/or a priority of delivery.
12. The system of claim 1 , wherein the IP-based communication is encrypted.
13. A method for market-based financial settlement in an electric power grid, comprising:
providing a settlement processor constructed and configured for Internet Protocol (IP)-based communication with at least one active grid element via at least one coordinator;
the at least one active grid element registering with the at least one coordinator to participate within the electric power grid;
the at least one active grid element transmitting at least one IP-based settlement message to the settlement processor via the at least one coordinator, wherein the at least one IP-based settlement message comprises revenue grade metrology data for participation of the at least one active grid element in the electric power grid; and
the settlement processor providing a market-based financial settlement for the participation of the at least one active grid element based on the at least one IP-based settlement message in real time or near real time.
14. The method of claim 13 , wherein the at least one IP-based settlement message further comprises at least one kilowatt packet (KWP) unit, and wherein the at least one KWP unit is based on the revenue grade metrology data.
15. The method of claim 13 , further comprising the at least one coordinator tracking the at least one active grid element in the electric power grid.
16. The method of claim 13 , further comprising a multiplicity of grid elements aggregating and/or integrating through the at least one active grid element, wherein the participation of the multiplicity of grid elements is operationally equivalent to a single grid element.
17. The method of claim 13 , further comprising the at least one coordinator monitoring a capacity, a location, a state, an operational purpose, pricing, and/or quantity bids for the at least one active grid element in real time or near real time.
18. The method of claim 13 , further including assigning a customer identifier, a billing identifier, and/or a grid element unique identifier to the at least one active grid element.
19. The method of claim 13 , further including storing the market-based financial settlement in at least one database.
20. The method of claim 13 , further including the at least one coordinator aggregating a multiplicity of IP-based settlement messages to form a power trading block (PTB), and wherein the market-based financial settlement is further based on the at least one PTB.