System for developing real time economic incentives to encourage

Details System for developing real time economic incentives to encourage System for developing real time economic incentives to encourage

1990-12-21

1993-08-17

Cosimano, Edward R.

Boots, shoes, and leggings

324116, 36446401, G06F 1520

Patent

active

052375072

ABSTRACT:
The electric utility industry is inexorably being forced into a less regulated, more competitive, and more conservation oriented mode of operation. It is therefore inevitable that electric energy will have to increasingly resemble a commodity that is bought and sold on free and competitive markets. This invention describes a system and method to emulate and automate such treatment of electric energy with minimal disruption to the public service oriented utility concept. The system for achieving this is comprised of; sensors that monitor 1) out-of-doors temperatures, 2) mean power supplied by each generator in a utility system during each hour and 3) energy consumed by each customer per hour recorded in calendar-time; computers that are programed with software developed from algorithms that are described in the invention; and a subsystem that feeds back pricing information to consumers. The algorithms continuously generate demand-related hourly prices and bonus/surcharge distributions (during high demand periods), while keeping gross revenues fixed. Taken together all this facilitates inter-utility competition, minimizes regulation, impels more efficient use of utility assets, and provides economic incentives for conservation.

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patent: 4516213 (1985-05-01), Gidden
patent: 4621330 (1986-11-01), Weikel
patent: 4803632 (1989-02-01), Frew et al.
patent: 4814996 (1989-03-01), Wang
patent: 4852030 (1989-07-01), Munday

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