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Energy Financial Settlements
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Application US20200051186
Published 2020-02-13
Real-time Renewable Energy Credits
A system is provided for matching real-time renewable resource credits with energy loads. The system generates real-time renewable energy credits (“RECs”) in real time with one or more attributes. A real-time REC is evidence of production of a base amount of electricity with attributes that may include actual time of production, location of production, and power type. When a supplier generates a base amount of electricity using renewable energy, the supplier is issued a real-time REC indicating actual time and production location. A consumer may purchase the real-time REC from that supplier based on matching the consumer's consumption to the real-time REC, make a claim, and then retire the real-time REC. As a result of this matching of production and consumption based on actual time and location, suppliers of electricity generated using renewable energy may be incentivized to build renewable energy plants near consumers, resulting in less pollution and less loss of energy during transmission.
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- 1. A method performed by a computing device for matching real-time renewable energy credits with real-time energy loads, each real-time renewable energy credit being generated in real time and having one or more attributes, the method comprising:
accessing production messages that each indicate production of renewable energy by a supplier, each production message indicating time of production; for each production message, generating a real-time renewable energy credit with attributes indicating the supplier and time of the production; accessing real-time energy loads that each indicate consumption of energy by a consumer, each real-time energy load being generated in real time and having attributes indicating the consumer and time of consumption; matching real-time renewable energy credits with real-time energy loads based on time of production and time of consumption; and for each matched real-time renewable energy credit and real-time energy load, allocating that real-time renewable energy credit to the consumer of that real-time energy load.
- 10. One or more computing systems for matching real-time renewable energy credits with real-time energy loads, the one or more computing systems comprising:
one or more computer-readable storage mediums for storing computer-executable instructions for controlling the one or more computing systems to:
generate real-time renewable energy credits with attributes indicating a supplier and time of the production;
match real-time renewable energy credits with real-time energy loads, each real-time energy load having attributes indicating a consumer and time of consumption, the matching based on time of production and time of consumption; and
for each matched real-time renewable energy credit and real-time energy load, allocate that real-time renewable energy credit to the consumer of that real-time energy load; and
one or more processors for executing the computer-executable instructions stored in the one or more computer-readable storage mediums.
