SYSTEM AND METHOD FOR BILLING A UTILITY CONSUMER AFTER INSTALLATION OF A NEW LIGHTING TECHNOLOGY

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United States of America Patent

SERIAL NO

14148570

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Abstract

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A method includes obtaining, at a metering device, power usage information associated with operation of a second technology; calculating, at a processor and based on the power usage information obtained from the metering device, a power base load capacity relief of an electrical system to a utility provider resulting from change from a first technology to the second technology; receiving, at the processor, a technology cost including fixed and variable costs to install and maintain the second technology; calculating, at the processor, a return needed for repayment of the technology cost; determining, by the processor, a new utility rate by apportioning the return needed for repayment of the technology cost as a function of the power base load capacity relief and calculating; and providing a utility invoice to the utility consumer for a power reduction over time at the new utility rate.

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Patent Owner(s)

Patent OwnerAddress
ORION ENERGY SYSTEMS INCMANITOWOC WI

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Potts, Michael J Plymouth, US 28 1913
Verfuerth, Neal R Manitowoc, US 115 7503

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