Method,device and system for responsive load management using frequency regulation credits

A method, device and system for responsive load management using frequency regulation credits. The method includes using an AC frequency measuring device, measuring a current AC frequency on an AC power line; using a power consumption measuring device, measuring a current power consumption on the AC power line over a period of time equal to a sampling interval; calculating a power consumption moving average of a last N power current power consumptions measured, where N is a positive integer greater than 1; generating credits or debits based on the current power consumption, the current AC frequency and the power consumption moving average; adding the credits or debits to a frequency regulation credit; and for each next sampling interval repeating measuring the current AC frequency, measuring current power consumption, calculating the power consumption moving average, generating the credits or debits, and adding the credits or debits to the frequency regulation credit.