Method and systems for predicting solar energy production
First Claim
1. A method of anticipating a short-term demand of an energy trader'"'"'s customers, comprising:
- calculating a net electrical energy for a supply facility in a geographic region;
determining a resulting electrical energy from the net electrical energy and electrical energy purchased from long-term contracts for the supply facilities; and
bargaining of electrical energy in a short-term market based on the resulting electrical energy.
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Accused Products
Abstract
A method of anticipating a short-term future electrical energy demand of an energy trader'"'"'s customers includes calculating a short-term future net electrical energy demand required to meet the demand of customer facilities which have a solar energy generating system or systems in a geographic region. The method further includes determining a resulting difference, expressed as a shortfall or surplus, between the short-term future net electrical energy demand and an amount of electrical energy purchased in long-term contracts for the supply of the customer facilities, and bargaining a buying price or a selling price for energy in a short-term future or day-ahead market based on the shortfall or surplus. A method for hedging energy sales or purchases in a short-term future or day-ahead market includes determining an historical performance of a regional net energy forecasting methodology for a facility or facilities which have solar energy generating systems in a geographical region. The method further includes estimating a difference between the maximum cost of energy in a spot market and an energy trader'"'"'s minimum price of energy for each hour bid in the short-term future or day-ahead market, determining a risk factor associated with energy sales or purchases from the historical performance and the estimated difference, and purchasing or selling options to buy energy at the previous day'"'"'s day-ahead market price based on the determined risk factor.
25 Citations
4 Claims
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1. A method of anticipating a short-term demand of an energy trader'"'"'s customers, comprising:
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calculating a net electrical energy for a supply facility in a geographic region; determining a resulting electrical energy from the net electrical energy and electrical energy purchased from long-term contracts for the supply facilities; and bargaining of electrical energy in a short-term market based on the resulting electrical energy.
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2. A method for hedging energy sales or purchases in a one day-ahead, short-term market against shortfalls in a spot market, comprising:
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determining a historical performance of a regional net energy for a geographical region; estimating a difference between the maximum cost of energy in a spot market and an energy trader'"'"'s price of energy for each hour during a forward spot market; determining a risk factor associated with energy sales and purchases from the historical performance of a regional net energy and the estimated difference between the maximum cost of energy and the energy trader'"'"'s price of energy; and purchasing options based on the determined risk.
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3. A method of anticipating a short-term future electrical energy demand of an energy trader'"'"'s customers, the method comprising:
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calculating a short-term future net electrical energy demand required to meet the demand of customer facilities which have a solar energy generating system or systems in a geographic region; determining a resulting difference, expressed as a shortfall or surplus, between the short-term future net electrical energy demand and an amount of electrical energy purchased in long-term contracts for the supply of the customer facilities; bargaining a buying price or a selling price for energy in a short-term future or day-ahead market based on the shortfall or surplus.
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4. A method for hedging energy sales or purchases in a short-term future or day-ahead market, the method comprising:
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determining an historical performance of a regional net energy forecasting methodology for a facility or facilities which have solar energy generating systems in a geographical region; estimating a difference between the maximum cost of energy in a spot market and an energy trader'"'"'s minimum price of energy for each hour bid in the short-term future or day-ahead market; determining a risk factor associated with energy sales or purchases from the historical performance and the estimated difference; and purchasing or selling options to buy energy at the previous day'"'"'s day-ahead market price based on the determined risk factor.
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Specification