BRIEF DESCRIPTION OF THE DRAWINGS
The accompanying drawings, which are incorporated in and form a part of this specification, illustrate embodiments of the invention and together with the description, serve to explain the principles of this invention.
FIG. 1 is a general schematic of one implementation of the invention. Widely dispensed individual ratepayers draw electricity from a shared power grid. Each of the depicted ratepayers purchases a portion of a Cooperative Energy Farm, (CEF) 70. Ratepayers then contract to have solar photovoltaic (PV) panels installed on their portion of the CEF 70, or purchase and existing populated plot. The individual solar PV panels are connected to central and shared grid-tie inverters (a portion of which can be owned by the ratepayer). The grid-tie inverters are compliant with Advanced Metering Infrastructure (AMI), and as such are remotely monitored and controlled by the utility companies operating the shared power grid to which they are connected. A report of energy generated from the ratepayer's portion of the CEF is transmitted to the electric utility company. Performance and surveillance data are also transmitted to the operating Energy Maintenance Company (EMC) 70 responsible for the CEF.
FIG. 2 is a flow chart delineating the prior art aspects of Net Metering. Current art provides for Net Metering as outlined in the left hand flow chart labeled “Net Metering.” The ratepayers' meter is either of a type that will run backwards or the ratepayer has two meters, one showing total energy consumed and the other showing total energy produced. The meter reader records this data manually, a calculation is made to determine the net energy usage and that data is stored for use in monthly or annual billing.
FIG. 3 depicts a flow diagram illustrating the elements of Virtual Net Metering or VMN. A novel business method of the invention is VNM 10. The present invention implements VNM. Meter readers will still read the ratepayers' meter at the ratepayer's location as usual. The utility company will also electronically request energy production records for the same period from the ratepayer's virtual meter at the CEF 70. The flow from this point is identical to standard Net Metering in that the net energy usage is calculated, stored and used for the annual Net Metering energy billing.