Distributing resources in a market-based resource allocation system
First Claim
1. A method for generating an offer value for offering to supply electricity in a market-based resource allocation system, comprising:
- using computing hardware, computing an offer value indicative of a value at which electricity can be supplied by a generator for a current time frame, the offer value being based at least in part on dispatched values from previous time frames, the dispatched values representing values at which electricity was dispatched by the market-based resource allocation system during the previous time frames;
transmitting the offer value along with a value indicative of a quantity of electricity that can be supplied by the generator during the current time frame to a central computer; and
receiving a message from the central computer indicating a dispatched value for the current time frame.
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Accused Products
Abstract
Disclosed herein are representative embodiments of methods, apparatus, and systems for distributing a resource (such as electricity) using a resource allocation system. In one exemplary embodiment, a plurality of requests for electricity are received from a plurality of end-use consumers. The requests indicate a requested quantity of electricity and a consumer-requested index value indicative of a maximum price a respective end-use consumer will pay for the requested quantity of electricity. A plurality of offers for supplying electricity are received from a plurality of resource suppliers. The offers indicate an offered quantity of electricity and a supplier-requested index value indicative of a minimum price for which a respective supplier will produce the offered quantity of electricity. A dispatched index value is computed at which electricity is to be supplied based at least in part on the consumer-requested index values and the supplier-requested index values.
139 Citations
28 Claims
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1. A method for generating an offer value for offering to supply electricity in a market-based resource allocation system, comprising:
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using computing hardware, computing an offer value indicative of a value at which electricity can be supplied by a generator for a current time frame, the offer value being based at least in part on dispatched values from previous time frames, the dispatched values representing values at which electricity was dispatched by the market-based resource allocation system during the previous time frames; transmitting the offer value along with a value indicative of a quantity of electricity that can be supplied by the generator during the current time frame to a central computer; and receiving a message from the central computer indicating a dispatched value for the current time frame. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A method for generating a generator bid value for bidding to supply electricity in a market-based resource allocation system, comprising:
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using computing hardware, computing a generator bid value indicative of a price at which a generator can deliver electricity into a power grid; transmitting the generator bid value and a value indicative of a magnitude of electrical load the generator can remove from the power grid to a central computer that manages the resource allocation system; and receiving a message from the central computer indicating whether the generator should be activated. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28)
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Specification