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Algorithm for Software/Hardware Billing Using A Smart Meter

IP.com Disclosure Number: IPCOM000200009D
Publication Date: 2010-Sep-23
Document File: 2 page(s) / 20K

Publishing Venue

The IP.com Prior Art Database

Abstract

Disclosed is an automated method for collecting and billing for a hardware/software electrical energy saving solution through the use of a smart meter. The advantage of this invention is that it allows the billing to be performed automatically without human intervention.

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Algorithm for Software/Hardware Billing Using A Smart Meter

Many customers are concerned about the expense and environmental impact of the levels of their electrical use. Modern hardware/software systems offer the advantage of significantly reducing electrical usage. However, selling systems for a promised future reduction in electrical usage can be difficult.

Many vendors of energy-saving measures currently offer companies or individuals a chance to pay for these green upgrades through their energy savings. For example, a warehouse can be super-insulated, and the $100,000 in insulation costs paid out over 10 years from a $10,000/year savings. However, currently this data has to be manually collected either directly from a meter or from an electrical bill.

This same business model could be applied to green data center savings, and automated with smart meter data.

This invention provides an automated method for collecting and billing for a hardware/software electrical energy saving solution through the use of a smart meter. The advantage of this invention is that it allows the billing to be performed automatically without human intervention.

For example, a corporation approaches the Environmental Protection Agency (EPA) offering to maximize the energy efficiency of one of its data centers. The data center currently has an energy usage of 10,000,000 kilowatts/hour (kwh) per year; a yearly bill of $1 million. The corporation offers to install an energy efficient server system to replace several hundred older servers and expects to be reimbursed through...