Method and system for facilitating, coordinating and managing a competitive marketplace

• US 20060265323A1
• Filed: 07/27/2006
• Published: 11/23/2006
• Est. Priority Date: 10/20/1999
• Status: Active Grant

• Current Assignee: Accenture Global Services Limited (Accenture PLC)
• Original Assignee: Accenture LLP (Accenture PLC)
• Inventors: Winter, Larry A., Shields, Francis X., Northcutt, Robert L.
• Granted Patent: US 8,032,461 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/06 Energy or water supply
• CPC Class Codes: G06Q 50/188 Electronic negotiation
• CPC Class Codes: H04L 63/08 for authentication of entities cryptographic mechanisms or cryptographic arrangements for entity authentication H04L9/32

Abstract

A system and method for facilitating, coordinating and managing the operation of a competitive marketplace via the Internet. The system and method collect bids for market services from a plurality of customers, calculators a clearing piece for the market service and calculates settlement information based on the clearing piece calculated and the bids collected.

Claims

1-41. -41. (canceled)

42. A method of facilitating, managing and coordinating operation of a competitive marketplace for an energy system comprising generating units using a communication network, the method comprising:

collecting for a predetermined time interval supply side bids for quantity and price of energy services over the communication network and collecting demand side bids for quantity of energy services over the communication network;

receiving data related to a real time condition for at least one of the generating units for the predetermined time interval that is different from at least one quantity of the supply side bids; and

electronically calculating a clearing price for the dispatched energy services for the predetermined time interval, the calculating of the clearing price being performed after dispatching the energy services in order to account for the data related to the real time condition for the at least one generating units.

43. The method of claim 42, wherein the clearing price is calculated regardless of location in the energy system.

44. The method of claim 42, wherein the clearing price is a price for a supply side bid arranged for the predetermined period at which quantities for supply side bids equals the energy services dispatched to the consumers in the predetermined period.

45. The method of claim 42, further comprising calculating settlement information based upon the clearing price calculated.

46. The method of claim 42, wherein calculating a clearing price comprises arranging the supply side bids from the energy service providers that dispatched energy services for the predetermined interval based on the data related to the at least one generating units.

47. The method of claim 46, wherein arranging the supply side bids comprises stacking the supply side bids based on the price of the energy services and based on the real time condition;

and

wherein calculating the clearing price comprises matching demand for the energy services supplied with a bid in the stack.

48. The method of claim 42, wherein the data related to a real time condition for at least one of the generating units is received prior to the dispatching of energy services.

55. The computer program of claim 48, wherein the data related to a real time condition for at least one of the generating units is received prior to the dispatching of energy services.

49. A computer program embodied on a computer readable medium for interfacing with a competitive marketplace for an energy system, the computer program comprising:

computer executable code for collecting for a predetermined time interval supply side bids for quantity and price of energy services over the communication network and collecting demand side bids for quantity of energy services over the communication network;

computer executable code for receiving data related to a real time condition for at least one of the generating units for the predetermined time interval that is different from at least one quantity of the supply side bids; and

computer executable code for calculating a clearing price for the dispatched energy services for the predetermined time interval, the calculating of the clearing price being performed after dispatching the energy services in order to account for the data related to the real time condition for the at least one generating units.

50. The computer program of claim 49, wherein the clearing price is calculated regardless of location in the energy system.

51. The computer program of claim 49, wherein the clearing price is a price for a supply side bid arranged for the predetermined period at which quantities for supply side bids equals the energy services dispatched to the consumers in the predetermined period.

52. The computer program of claim 49, further comprising computer executable code for calculating settlement information based upon the clearing price calculated.

53. The computer program of claim 49, wherein the computer executable code for calculating a clearing price comprises computer executable code for arranging the supply side bids from the energy service providers that dispatched energy services for the predetermined interval based on the data related to the at least one generating units.

54. The computer program of claim 53, wherein the computer executable code for arranging the supply side bids comprises computer executable code for stacking the supply side bids based on the price of the energy services and based on the real time condition;

and

wherein the computer executable code for calculating the clearing price comprises computer executable code for matching demand for the energy services supplied with a bid in the stack.