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USING BI-DIRECTIONAL COMMUNICATIONS IN A MARKET-BASED RESOURCE ALLOCATION SYSTEM

  • US 20130325692A1
  • Filed: 08/12/2013
  • Published: 12/05/2013
  • Est. Priority Date: 09/29/2008
  • Status: Active Grant
First Claim
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1. A method for generating a bid value for purchasing electricity in a market-based resource allocation system, comprising:

  • by computing hardware,receiving an indication of a current status of a system controlled by an electrical device;

    computing an average dispatched value using multiple dispatched values from a previous time period, the multiple dispatched values representing values at which electricity was dispatched by the market-based resource allocation system during the previous time period; and

    computing a bid value for purchasing electricity sufficient to operate the electrical device, the computing being performed using at least the current status of the system and the average dispatched value.

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