×

Forward-looking transactive pricing schemes for use in a market-based resource allocation system

  • US 9,245,297 B2
  • Filed: 04/28/2011
  • Issued: 01/26/2016
  • Est. Priority Date: 04/28/2011
  • Status: Active Grant
First Claim
Patent Images

1. A method for generating a bid value for purchasing electricity in a market-based resource allocation system, the method comprising:

  • receiving, by computing hardware associated with an electrical device, a desired performance value indicative of a user'"'"'s desired performance level for the electrical device;

    receiving, by the computing hardware, one or more user tolerance values indicative of the user'"'"'s willingness to tolerate variations from the desired performance level for the electrical device, wherein the one or more user tolerance values are separate from the desired performance value;

    receiving, by the computing hardware, price information from an electricity futures market;

    computing, by the computing hardware, a bid value for purchasing electricity from a local resource allocation market sufficient to operate the electrical device at the desired performance level, the computing being performed based at least in part on the desired performance value, the one or more user tolerance values, and the price information from the electricity futures market;

    transmitting, by the computing hardware, the bid value to a computer that operates the local resource allocation market;

    receiving, by the computing hardware, a dispatch value from the computer that operates the local resource allocation market, the dispatch value being based at least in part on the transmitted bid value;

    comparing, by the computing hardware, the received dispatch value to the bid value; and

    activating or deactivating, by the computing hardware, the electrical device based on the comparison between the dispatch value and the bid value.

View all claims
  • 1 Assignment
Timeline View
Assignment View
    ×
    ×