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BIDDING FOR ENERGY SUPPLY

  • US 20040015428A2
  • Filed: 01/31/2002
  • Published: 01/22/2004
  • Est. Priority Date: 02/24/1997
  • Status: Abandoned Application
First Claim
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1. A method for creating an automated bidding process among energy Providers for the benefit of end users in which a moderating computer collects bids from each Provider of a plurality of energy Providers, processes the bids and designates at least one Provider of the plurality of energy Providers to provide energy to at least one end user, based on an economic choice in accordance with auction rules, wherein the method comprises:

  • a.in the moderating computer, receiving bids to provide energy to the at least one end user, 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 end-user set data;

    b.in the moderating computer, transmitting at least a portion of the first end-user set data to at least a portion of the plurality of energy Providers; and

    c.in the moderating computer, designating at least one Provider of the plurality of energy Providers to provide energy to the at least one end user, with each designated Provider to supply at least a portion of the energy to be used by the at least one end user at at least one end-user facility during at least a portion of a specific future time interval.

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