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Bidding for Energy Supply

  • US 20030023540A2
  • Filed: 01/31/2002
  • Published: 01/30/2003
  • Est. Priority Date: 02/24/1997
  • Status: Abandoned Application
First Claim
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2. 22.A method of Claim 21 in which the designated Providers, when their respective commitments are summed, are committed to provide the electric power required to supply 100% of the energy needs of the set of end users.23.A method of Claim 21 in which the auction rules include bid formulation requirements specifying the required elements that must be reflected in the bid for the moderating computer to consider the bid valid.24.A method of Claim 23 in which the bid formulation requirements specify that all bids indicate the quantity of standard units or blocks of electric power each Provider will provide, at a specific price, to the set of end users.25.A method for creating an automated bidding process among energy Providers for the benefit of a set of end users served by a first DISCO, in which a moderating computer collects bids from each Provider of a plurality of energy Providers, processes the bids and communicates with a first control computer, thereby enabling the first control computer to designate at least one Provider of the plurality of energy Providers to provide electric power to the set of end users, based on an economic choice in accordance with auction rules, wherein the method comprises:

  • a.in the moderating computer, receiving bids to provide at least one standard unit or block of electric power to the set of end users, processing the bids in accordance with the auction rules to produce processed bid data, and storing the bids and the processed bid data in a data base of the moderating computer as first DISCO data;

    b.in the moderating computer, transmitting at least a portion of the first DISCO data to the first control computer;

    c.in the moderating computer or the first control computer, transmitting at least a portion of the first DISCO data to at least a portion of the plurality of energy Providers;

    d.in the first control computer, designating at least one Provider of the plurality of energy Providers to provide electric power to the set of end users, with each designated Provider to supply at least a portion of the electric power to be used by the set of end users at at least one end-user facility during at least a portion of a specific future time interval; and

    e.in the moderating computer, or in the first control computer, or in the first DISCO, or in an independent meter reading service entity, transmitting periodic usage reports associated with the set of end users to at least a first designated Provider.

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