ELECTRIC POWER GRID CONTROL USING A MARKET-BASED RESOURCE ALLOCATION SYSTEM
First Claim
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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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.
117 Citations
20 Claims
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1. A method comprising:
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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. - View Dependent Claims (2, 3, 4)
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- 5. A system comprising at least two electricity allocation systems, a first of the electricity allocation systems being nested within a second of the electricity allocation systems, the at least two electricity allocation systems being configured to communicate with electricity consumers and electricity suppliers over a digital network and according to a bi-directional communication protocol to dispatch electricity between the electricity consumers and electricity suppliers.
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9. 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 (10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification