Facilitating revenue generation from wholesale electricity markets

Abstract

The apparatus, systems and methods herein facilitate generation of energy-related revenue for an energy customer of an electricity supplier. The apparatuses and methods herein can be used to generate operating schedules for a controller of the energy assets. When implemented, the generated operating schedules facilitates derivation of the energy-related revenue, over a time period T, associated with operation of the energy assets according to the generated operating schedule. The energy-related revenue available to the energy customer over the time period T is based at least in part on a wholesale electricity market.

Description

CROSS-REFERENCES TO RELATED APPLICATIONS[0001]This application claims priority to and benefit of U.S. Provisional Application No. 61 / 554,390, filed on Nov. 1, 2011, entitled “METHODS, APPARATUS AND SYSTEMS FOR FACILITATING REVENUE GENERATION FROM WHOLESALE ELECTRICITY MARKETS,” the entire disclosure of which is incorporated herein by reference in its entirety, including drawings.[0002]This application also claims priority to and benefit of U.S. Non-provisional application Ser. No. 13 / 451,497, filed on Apr. 19, 2012.[0003]The entire disclosure of these applications is incorporated herein by reference in its entirety, including drawings.BACKGROUND[0004]In various regions across the United States, “regional transmission operators” (RTOs) or “independent system operators” (ISOs) generally are responsible for obtaining electricity from electricity generators (e.g., operators of coal-fired plants, gas plants, nuclear plants, hydroelectric plants, renewable resources, etc.), and then trans...

AI Technical Summary

Benefits of technology

[0093]Apparatus, systems, methods and computer-readable media also are described for determining a suggested operating schedule over a time period T for at least one energy asset operated by an energy customer of a retail electricity supplier, so as to reduce a net energy-related cost, over the time period T, associated with electricity consumption and/or electricity generation by the energy customer, where the net energy-related cost is based at least in part on an energy-related revenue available to the energy customer over the time period T from a wholesale electricity market. In an example, the apparatus includes at least one input device, at least one communication interface, at least one processing unit, and at least one memory to store processor-executable instructions, a mathematical model for the at least one energy asset and an objective function. The processor-executable instructions include an optimizer module. The mathematical model for the at least one energy asset specifies at least one function that calculates an energy profile for the at least one energy asset based at least in part on an operating schedule for the at least one energy...

Problems solved by technology

In the past, batteries were not purchased and installed for the purpose of providing regulation services, because batteries tend to be too expensive for this purpose alone.

In this market, a seller makes their facilities available to generate electricity when needed and holds them in reserve for that purpose, but may never actually distribute energy into the grid rather than just be on-call.

This, in effect, pays the seller to be available and impacts the reliability of the grid.

Unfortunately, the life-cycle costs associated with such resources, when taken individually, are still high compared with more traditional forms of energy production.

In addition, the desired proliferation of distributed and renewable resources on the power grid introduces new threats to its reliable operation, as they are subject to unpredictable drops in output, such as when the wind stops blowing.

Consequently, both economic and reliability issues introduce substantial obstacles to a high penetration of those technologies in the power grid.

By themselves, storage resources such as electrical batteries are presently high cost options.

Likewise, photovoltaic generation and wind turbines are comparatively quite expensive and their intermittency creates new strains on the power grid.

A key concern with batteries has long been their high upfront cost and long payback periods.

For large retailers and supermarkets, backup generation is a necessary but often expensive proposition.

The nation's largest big box chains have taken a variety of approaches to minimizing the costs of providing substitute power in the case of an emergency or brownout; but for many stores, their only choice to date has been inefficient and costly diesel generators.

If the frequency is too high, there is too much power being generated in relation to load.

If load exceeds generation, the frequency and voltage tend to drop.

It requires quick response but makes low total energy demand.

In another example, if the current (ampere) flowing on the feeder increases during peak load conditions, the voltage along the feeder may decrease due to an increase in current flow, resulting in decreased voltage for customers that are further from the substation end of the feeder.

In an example, the voltage/VAR control may apply in a microgrid application at the microgrid bus level, which may introduce a reliability cost to the computation of the net-energy-related cost.

However, certain forms of storage, such as compressed air and ice storage, are currently not recognized as applicable resources for some regulation markets.

However, it has a high cos...

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