Methods and systems for the management of a bulk electric power market
First Claim
1. An automated method for the management of a bulk electric power market, comprising:
- implementing a set of inter-related automated process streams relating to the bulk electric power market;
implementing a plurality of automated processes for each process stream contained in said set of inter-related process streams, at least one process of each process stream serving as an input to, or output from, at least one other process stream, each process having at least one of;
(i) automated inputs;
(ii) automated activities;
(iii) and automated outputs; and
managing a bulk electric power market and controlling an electric power grid, including at least determining market-based wholesale electric rates from the automated output of at least one of said process streams.
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Accused Products
Abstract
The present invention provides methods and systems for managing a bulk electric power market. A set of inter-related automated process streams relating to the bulk electric power market are implemented. A plurality of automated processes for each process stream may also be implemented. At least one process of each process stream serves as an input to, or output from, at least one other process stream. Each process may comprise: (i) automated inputs; (ii) automated activities; (iii) and automated outputs. The process streams may be used to manage a bulk electric power market and to control an electric power grid. For example, the process streams may be used for determining market-based wholesale electric rates; scheduling transmission outages; creating a day-ahead market schedule; and calculating monetary positions of customers involved in settlement of the day-ahead market.
41 Citations
40 Claims
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1. An automated method for the management of a bulk electric power market, comprising:
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implementing a set of inter-related automated process streams relating to the bulk electric power market; implementing a plurality of automated processes for each process stream contained in said set of inter-related process streams, at least one process of each process stream serving as an input to, or output from, at least one other process stream, each process having at least one of;
(i) automated inputs;
(ii) automated activities;
(iii) and automated outputs; andmanaging a bulk electric power market and controlling an electric power grid, including at least determining market-based wholesale electric rates from the automated output of at least one of said process streams. - View Dependent Claims (3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37)
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2. An automated method for the management of a bulk electric power market, comprising:
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implementing a set of inter-related automated process streams relating to the bulk electric power market; implementing a plurality of automated processes for each process stream contained in said set of inter-related process streams, at least one process of each process stream serving as an input to, or output from, at least one other process stream, each process having at least one of;
(i) automated inputs;
(ii) automated activities;
(iii) and automated outputs; andmanaging a bulk electric power market and controlling an electric power grid, including scheduling transmission outages based on the automated output of at least one of said process streams;
creating a day-ahead market schedule from the automated output of at least one of said process streams; and
calculating monetary positions of customers involved in settlement of the day-ahead markets from the automated output of at least one of said process streams.
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38. A system for the management of a bulk electric power market, comprising:
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memory for storing;
(a) a set of inter-related automated process streams relating to the bulk electric power market; and
(b) a plurality of automated processes for each process stream contained in said set of inter-related process streams, at least one process of each process stream serving as an input to, or output from, at least one other process stream, each process having at least one of;
(i) automated inputs;
(ii) automated activities;
(iii) and automated outputs;a database for storing data for use in implementing the processes of said process streams; and at least one processor for executing the processes of each of said inter-related process streams; wherein; said process streams are used to manage a bulk electric power market and control an electric power grid, including at least determining market-based wholesale electric rates from the automated output of at least one of said process streams. - View Dependent Claims (39, 40)
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Specification