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Bidding for energy supply with request for service

  • US 6,598,029 B1
  • Filed: 04/04/2000
  • Issued: 07/22/2003
  • Est. Priority Date: 02/24/1997
  • Status: Expired due to Term
First Claim
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1. A method for creating an automated bidding process among energy Providers and Buyers of energy in which a moderating computer collects economic incentive data from each energy Provider of a plurality of energy Providers, processes the economic incentive data and selects a first Provider of the plurality of energy Providers to provide energy to a first Buyer, based on an economic choice, wherein the method comprises, in the Moderator:

  • a. receiving from the first Buyer, a request for energy supply to be delivered to a specified delivery destination during at least one specific future time interval;

    b. processing the request and distributing the processed request to a plurality of energy Providers;

    c. receiving a response, including the economic incentive data, from at least one of the energy Providers;

    d. transmitting at least a portion of the economic incentive data to at least a portion of the plurality of energy Providers;

    e. entering the economic incentive data in a database, processing the economic incentive data, producing derivative data and storing the economic incentive data and the derivative data in a database of the Moderator as first Buyer set data;

    f. processing the first Buyer set data and selecting a first Provider of the plurality of energy Providers to provide energy to the first Buyer; and

    g. transmitting a selection notification to the first Provider of the plurality of energy Providers, selected by the Moderator to provide energy to the first Buyer.

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