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Online trading and dynamic routing of electric power among electric service providers

DC
  • US 7,945,502 B2
  • Filed: 08/27/2001
  • Issued: 05/17/2011
  • Est. Priority Date: 08/25/2000
  • Status: Expired due to Fees
First Claim
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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.

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