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ELECTRIC POWER GRID CONTROL USING A MARKET-BASED RESOURCE ALLOCATION SYSTEM

  • US 20140201018A1
  • Filed: 01/28/2014
  • Published: 07/17/2014
  • Est. Priority Date: 09/29/2008
  • Status: Active Grant
First Claim
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1. A method comprising:

  • receiving at an intermediary computing system a plurality of requests for electricity from a plurality of electricity consumers, wherein each of the plurality of requests indicates a requested quantity of electricity and a consumer-requested index value indicative of a maximum price a respective electricity consumer is willing to pay for the requested quantity of electricity;

    receiving at the intermediary computing system a plurality of offers for supplying electricity from a plurality of electricity suppliers, wherein each of the plurality of offers indicates an offered quantity of electricity and a supplier-requested index value indicative of a minimum price for which a respective electricity supplier is willing supply the offered quantity of electricity; and

    with the intermediary computing system, comprising a dispatched index value indicating a price at which electricity is to be supplied and purchased based at least in part on the consumer-requested index values and the supplier-requested index values.

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