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Electric power grid control using a market-based resource allocation system

  • US 8,639,392 B2
  • Filed: 09/29/2009
  • Issued: 01/28/2014
  • Est. Priority Date: 09/29/2008
  • Status: Active Grant
First Claim
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1. A method, comprising:

  • receiving at an intermediary computing system a plurality of requests for electricity from a plurality of end-use consumers, wherein each of the requests indicates a requested quantity of electricity and a consumer-requested index value indicative of a maximum price a respective end-use consumer will pay for the requested quantity of electricity;

    receiving at the intermediary computing system a plurality of offers for supplying electricity from a plurality of resource suppliers, wherein each of the offers indicates an offered quantity of electricity and a supplier-requested index value indicative of a minimum price for which a respective supplier will produce the offered quantity of electricity;

    with the intermediary computing system, determining a dispatched index value indicating a price at which electricity is to be supplied and consumed based at least in part on the consumer-requested index values and the supplier-requested index values; and

    transmitting data indicating the dispatched index value from the intermediary computing system to the plurality of end-use consumers and to the plurality of resource suppliers.

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