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Energy Financial Settlements
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Application US20190011891
Published 2019-01-10
System, Apparatus And Method For Energy Management, For Usage By Consumers Of Energy From Electric Utility Service Providers, And Monitoring And Management Of Same
Embodiments provide methods, systems and apparatus for predictive management of efficient selecting and receiving of retail electric utility service to a facility for a period, by automated selecting of a retail utility service provider corresponding to a selected least cost path of predicted rate plan choices across the period, wherein costs of all possible, viable time-bounded predicted rate plan choices are determined for predicted consumer usage where a predicted market of retail rate formulas for the period are predicted in relation to at least one variable, such as weather.
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- 1. A method for predictive management of selecting and receiving electric utility service to a facility, said method comprising:
first determining theorized retail rate formulas for a plurality of retail electric utility service providers available to provide service to the facility, by analyzing historical retail rates for the plurality of retail electric utility service providers; correlating each one of the plurality of retail rate formulas to weather information; first predicting of a weather prediction for the facility for a period; second predicting of the market of predicted retail rate formulas for the plurality of retail electric utility service providers for the period in relation to the weather prediction; third predicting of predicted consumer usage of electric utility service for the period in relation to the weather prediction; aggregating predicted consumer usage of electric utility service for the period; mapping a listing of a plurality of time-bounded predicted retail rate plan choices with predicted costs, for each predicted retail rate formula for the plurality of retail electric utility service providers for the period; second determining of the cost of each possible viable path of the plurality of time-bounded predicted retail rate plan choices across an evaluation period; first selecting of a first selected least cost path from the plurality of time-bounded predicted retail rate plan choices across the evaluation period; and second selecting of a retail utility service contract selection at a decision node, said retail utility service contract selection corresponding to the first selected least cost path.
- 8. A method for predictive management of selecting and receiving electric utility service to a facility, said method comprising:
first determining theorized retail rate formulas for a plurality of retail electric utility service providers available to provide service to the facility, by analyzing historical retail rates for the plurality of retail electric utility service providers; second predicting of the market of predicted retail rate formulas for the plurality of retail electric utility service providers for a period; third predicting of predicted consumer usage of electric utility service for the period in relation to a weather prediction; and second determining of cost of each possible viable path of the plurality of time-bounded predicted retail rate plan choices across an evaluation period.
