The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Aug. 17, 1993
Filed:
Dec. 21, 1990
Norman E Chasek, Stamford, CT (US);
Other;
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.