FACILITATING POWER TRANSACTIONS

• US 20180308184A1
• Filed: 12/14/2017
• Published: 10/25/2018
• Est. Priority Date: 04/20/2017
• Status: Active Application

• Current Assignee: International Business Machines Corporation
• Original Assignee: International Business Machines Corporation
• Inventors: Pankanti, Sharathchandra Umapathirao, Rueger, Erik, Schaefer, Rolf
• Application Number:
  US15/842,671
• Publication Number:
  US 20180308184A1
• Time in Patent Office: Days
• CPC Class Codes: G06N 20/00 Machine learning
• CPC Class Codes: G06N 3/006 based on simulated virtual individual or collective life forms, e.g. social simulations or particle swarm optimisation [PSO]
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G06Q 50/06 Energy or water supply

Abstract

The subject invention relates to employing interactive components and execution components to facilitate power transactions. In an example, a method includes receiving a first set of data from a set of agent components, wherein the first set of data represents a purchase, a transmission, a production, a sale or a consumption of energy; and facilitating execution, by the system, of a set of contracts between a first subset of agent components and a second subset of agent components based on the first set of data. In another example, a method can further include insuring, by the system, the set of contracts against a supply surplus of energy or a production shortage of energy.

Claims

1. A computer-implemented method, comprising:

receiving, by a system operatively coupled to a processor, a first set of data from a set of agent components, wherein the first set of data represents a purchase, a transmission, a production, a sale or a consumption of energy; and

facilitating execution, by the system, of a set of contracts between a first subset of agent components and a second subset of agent components based on the first set of data.

2. The computer-implemented method of claim 1, further comprising validating, by the system, the set of contracts based on whether a fulfillment of terms of the set of contracts maintains or exceeds a target stability threshold of an electric grid.

3. The computer-implemented method of claim 1, further comprising insuring, by the system, the set of contracts against a supply surplus of energy or a production shortage of energy.

4. The computer-implemented method of claim 1, further comprising collecting, by the system, a second set of data representing a flow of electricity provided by a metering device.

5. The computer-implemented method of claim 2, further comprising providing an insurance contract to the set of contracts to satisfy the target stability threshold of the electric grid.