Historical database system for resolving energy imbalance requirements in real-time
First Claim
1. A computer readable medium having computer readable instructions embedded therein, which, when executed by a computer, cause the computer to implement a method for adjusting energy generation and energy load in an energy imbalance market to remedy energy generation and energy load imbalances therein, comprising:
- receiving from a plurality of imbalance market participants, including energy generating participants and energy-consuming load participants, energy supply and energy demand requirements for imbalance energy in an energy imbalance market;
archiving historical bidding data from said imbalance market participants;
collecting control area analog measurements;
determining optimal dispatch of energy generation and energy load for each imbalance market participant for balancing generation and load imbalances in the imbalance market corresponding to said energy supply and energy demand requirements, said historical bidding data; and
said control area analog measurements; and
determining ex post settlement prices for the imbalance market participants corresponding to the optimal dispatch according to the relationship;
wherein BPmpT is a settlement billing price for imbalance market participant mp for a time period T, IncMWt and DecMWt are the incremental and decrementalbalancing energies, respectively, during a time interval t of the time period T, and BPmpt is a billing price for market participant mp for a time interval t; and
using the ex post settlement prices to settle with the imbalance market participants.
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Abstract
A method and apparatus for resolving energy imbalance in a real-time manner is disclosed. A plurality of market user interfaces are coupled to an imbalance engine which determines optimal dispatch requirements corresponding to supply and demand requirements of the market participants. The imbalance engine resolves in a real-time manner the dispatch requirements while considering the transmission limitations, ramping limitations, transmission facilities, and price data.
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Citations
9 Claims
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1. A computer readable medium having computer readable instructions embedded therein, which, when executed by a computer, cause the computer to implement a method for adjusting energy generation and energy load in an energy imbalance market to remedy energy generation and energy load imbalances therein, comprising:
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receiving from a plurality of imbalance market participants, including energy generating participants and energy-consuming load participants, energy supply and energy demand requirements for imbalance energy in an energy imbalance market; archiving historical bidding data from said imbalance market participants; collecting control area analog measurements; determining optimal dispatch of energy generation and energy load for each imbalance market participant for balancing generation and load imbalances in the imbalance market corresponding to said energy supply and energy demand requirements, said historical bidding data; and
said control area analog measurements; anddetermining ex post settlement prices for the imbalance market participants corresponding to the optimal dispatch according to the relationship; wherein BPmpT is a settlement billing price for imbalance market participant mp for a time period T, IncMWt and DecMWt are the incremental and decremental balancing energies, respectively, during a time interval t of the time period T, and BPmpt is a billing price for market participant mp for a time interval t; and using the ex post settlement prices to settle with the imbalance market participants. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for adjusting energy generation and energy load in an energy imbalance market to remedy energy generation and energy load imbalances therein determining prices in an energy trading market, comprising:
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receiving energy supply and energy demand requirements for imbalance energy in an energy imbalance market pricing and load information from a plurality of imbalance market participants, including energy generating participants and energy-consuming load participants; determining optimal balancing energy prices for each participant, the optimal prices for balancing generation and load imbalances responsive to a minimum of the sum of the bid costs over all participants and over all resource types, subject to flow gate congestion and line loss constraints; archiving historical bidding data from said imbalance market participants; and collecting control area analog measurements; determining optimal dispatch of energy generation and energy load for each imbalance market participant for balancing generation and load imbalances in the imbalance market corresponding to said energy supply and energy demand requirements, said historical bidding data; and
said control area analog measurements;issuing dispatch instructions responsive to the optimal dispatch of energy generation and energy load to each imbalance market participant;
for use in controlling their respective energy generation and energy load to remedy energy generation and energy load imbalances in the imbalance market;determining ex post settlement prices for the imbalance market participants corresponding to the optimal dispatch according to the relationship; wherein BPmpT is a settlement billing price for imbalance market participant mp for a time period T, IncMWt and DecMWt are the incremental and decremental balancing energies, respectively, during a time interval t of the time period T, and BPmpt is a billing price for market participant mp for a time interval t; and using the ex post settlement prices to settle with the imbalance market participants.
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9. A method for adjusting and pricing energy generation and energy load in an energy imbalance market of an energy distribution system separate from a bilateral energy trading market and an automatic generation control function of the energy distribution system, the energy distribution system including an energy distribution region subdivided into a plurality of different control areas including imbalance market participants, the method comprising:
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receiving from a plurality of imbalance market participants, including energy generation participants and energy consuming load participants in an energy distribution region, energy supply and energy demand requirements for imbalance energy in an energy imbalance market; archiving historical bidding data from said market participants; collecting control area analog measurements; determining optimal dispatch of energy generation and energy load for each imbalance market participant for balancing generation and load imbalances in the imbalance market corresponding to said energy supply and energy demand requirements, said historical bidding data, and said control area analog measurements; determining ex post settlement prices for the imbalance market participants corresponding to the optimal dispatch according to the relationship; wherein BPmpT is a settlement billing price for imbalance market participant mp for a time period T, IncMWt and DecMWt are the incremental and decremental balancing energies, respectively, during a time interval t of the time period T, and BPmpt is a billing price for market participant mp for a time interval t; and using the ex post settlement prices to settle with the imbalance market participants.
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Specification