Online trading and dynamic routing of electric power among electric service providers
DCFirst Claim
Patent Images
1. A method for dynamically trading and distributing electric power, comprising the steps of:
- (a) collecting by a control node bids and asks from buyers and sellers of electric power;
(b) dynamically matching by the control node the collected bids and asks to form matches;
(c) receiving by the control node information related to current supply and demand conditions on an electric network through a feedback loop;
(d) generating, by the control node, a route plan for routing electricity between the matched buyer and seller and for simultaneously balancing loads and resources of the electric network based on the supply and demand conditions received through the feedback loop; and
(e) configuring the electric network to route electric power in response to the control node in accordance with the route plan.
5 Assignments
Litigations
1 Petition
Accused Products
Abstract
A method and system for trading electric power on a spot market and dynamically matches bids and asks and routes the electric power in accordance with the matches to effect the settled trades. A control node is arranged for receiving bids and asks via a wide area network. The control node is also connected to a transmission system and a central control of the transmission system to dynamically switch the transmission system to effect the matched bids and asks.
-
Citations
20 Claims
-
1. A method for dynamically trading and distributing electric power, comprising the steps of:
-
(a) collecting by a control node bids and asks from buyers and sellers of electric power; (b) dynamically matching by the control node the collected bids and asks to form matches; (c) receiving by the control node information related to current supply and demand conditions on an electric network through a feedback loop; (d) generating, by the control node, a route plan for routing electricity between the matched buyer and seller and for simultaneously balancing loads and resources of the electric network based on the supply and demand conditions received through the feedback loop; and (e) configuring the electric network to route electric power in response to the control node in accordance with the route plan. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
-
- 14. A system for dynamically trading and supplying electric power, comprising a control node for receiving bids and asks from buyers and sellers, matching the received bids and asks to form matched bids and asks, and dynamically updating the matched bids and asks in accordance with changes occurring in the bids and asks, a feedback loop connected between the control node and an electric network, wherein the electric network is capable of routing electricity between buyers and sellers, said control node being configured for receiving information relating to current supply and demand conditions on the electric network through the feedback loop, generating a route plan for routing electricity between the matched buyer and seller and for simultaneously balancing loads and resources of the electric network based on the supply and demand conditions received through the feedback loop, and for activating switching devices connected to the electric network for switching a flow of electricity in the electric network to effect the generated route plan.
Specification