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:
May. 21, 1996
Filed:
Oct. 18, 1993
Norman E Chasek, Stamford, CT (US);
Other;
Abstract
This invention describes a method for presenting, in near real-time, information that guides consumers of variably priced electricity in the cost efficient management of its consumption. The method employs a single row of red and green lights whose illumination pattern simultaneously indicates price differences from a mean price of the electricity, the size of a surcharge during high demand time, the size of a bonus stake per KWH available to those consumers with little or no increase in demand during such times, and individual bonus-surcharge eligibility during high demand times. The use of electricity can be quickly prioritized by typical consumers through the number of red and green of lights lit, steady and blinking lights, and by a variable duty cycle imposed on blinking lights. When taken together the overall economics of consumption can be communicated in a manner that facilitates complicated trade-offs in the cost efficient use of electricity.