Method and apparatus for orchestrating utility power supply and demand in real time using a continuous pricing signal sent via a network to home networks and smart appliances

Abstract

The present invention orchestrates the supply of power and demand for power of power-side of Utility-provided services such as Electricity, Gas and Water. In real-time a variable price for service is sent from Utilities' SUPPLY-SIDE via a Network such as the Internet to the DEMAND-SIDE, such as to smart appliances in homes, to search for and encourage or discourage use and thus manage demand for Utility services. Demand is managed in the aggregate per type of appliance and across all users, not just at peak times, but rather throughout the day as capacity is needed or otherwise becomes available. With the invention traditional fossil-fuelled electrical capacity can operate less of the time and more efficiently, renewable electrical capacity such as wind and solar power can be more efficiently put to immediate use right when it becomes available, and additional means are available to protect Utilities' transmission and distribution infrastructure. Another aspect of the invention is that it changes pricing often enough throughout the day so that budget-conscious and less fortunate or budget conscious consumers do not have to wait long for favourable pricing in order to cook a meal or otherwise get things done.