Electric power grid control using a market-based resource allocation system
First Claim
1. A method, comprising:
- receiving a plurality of requests for electricity from a plurality of end-use consumers, wherein each of the requests indicates 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;
receiving a plurality of offers for supplying electricity from a plurality of resource suppliers, wherein each of the offers indicates 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; and
using computing hardware, determining a dispatched index value at which electricity is to be supplied based at least in part on the consumer-requested index values and the supplier-requested index values.
1 Assignment
0 Petitions
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.
260 Citations
21 Claims
-
1. A method, comprising:
-
receiving a plurality of requests for electricity from a plurality of end-use consumers, wherein each of the requests indicates 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; receiving a plurality of offers for supplying electricity from a plurality of resource suppliers, wherein each of the offers indicates 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; and using computing hardware, determining a dispatched index value at which electricity is to be supplied based at least in part on the consumer-requested index values and the supplier-requested index values. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
-
-
10. A computer-readable medium storing computer-readable instructions for causing computer to perform a method, the method comprising:
-
receiving a plurality of requests for electricity from a plurality of end-use consumers, wherein each of the requests indicates 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; receiving a plurality of offers for supplying electricity from a plurality of resource suppliers, wherein each of the offers indicates 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; and determining a dispatched index value at which electricity is to be supplied based at least in part on the consumer-requested index values and the supplier-requested index values. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17)
-
- 18. A system comprising at least two resource allocation systems, a first of the resource allocation systems being nested within a second of the resource allocation systems, each of the resource allocation systems being configured to communicate with resource consumers and resource suppliers over a digital network and according to a bi-directional communication protocol.
Specification