Methods and systems for the management of a bulk electric power market
First Claim
1. An automated method for the management of a bulk electric power market, comprising:
- implementing a set of inter-related automated process streams relating to the bulk electric power market;
implementing a plurality of automated processes for each process stream contained in said set of inter-related process streams, at least one process of each process stream serving as an input to, or output from, at least one other process stream, each process having at least one of;
(i) automated inputs;
(ii) automated activities;
(iii) and automated outputs; and
utilizing the process streams to manage a bulk electric power market and control an electric power grid.
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Accused Products
Abstract
The present invention provides methods and systems for managing a bulk electric power market. A set of inter-related automated process streams relating to the bulk electric power market are implemented. A plurality of automated processes for each process stream may also be implemented. At least one process of each process stream serves as an input to, or output from, at least one other process stream. Each process may comprise: (i) automated inputs; (ii) automated activities; (iii) and automated outputs. The process streams may be used to manage a bulk electric power market and to control an electric power grid. For example, the process streams may be used for determining market-based wholesale electric rates; scheduling transmission outages; creating a day-ahead market schedule; and calculating monetary positions of customers involved in settlement of the day-ahead market.
100 Citations
40 Claims
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1. An automated method for the management of a bulk electric power market, comprising:
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implementing a set of inter-related automated process streams relating to the bulk electric power market;
implementing a plurality of automated processes for each process stream contained in said set of inter-related process streams, at least one process of each process stream serving as an input to, or output from, at least one other process stream, each process having at least one of;
(i) automated inputs;
(ii) automated activities;
(iii) and automated outputs; and
utilizing the process streams to manage a bulk electric power market and control an electric power grid. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37)
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38. A system for the management of a bulk electric power market, comprising:
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memory for storing;
(a) a set of inter-related automated process streams relating to the bulk electric power market; and
(b) a plurality of automated processes for each process stream contained in said set of inter-related process streams, at least one process of each process stream serving as an input to, or output from, at least one other process stream, each process having at least one of;
(i) automated inputs;
(ii) automated activities;
(iii) and automated outputs;
a database for storing data for use in implementing the processes of said process streams; and
at least one processor for executing the process streams of each of said inter-related process streams;
wherein said process streams are used to manage a bulk electric power market and control an electric power grid. - View Dependent Claims (39, 40)
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Specification