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NESTED, HIERARCHICAL RESOURCE ALLOCATION SCHEMA FOR MANAGEMENT AND CONTROL OF AN ELECTRIC POWER GRID

  • US 20100179862A1
  • Filed: 01/12/2010
  • Published: 07/15/2010
  • Est. Priority Date: 01/12/2009
  • Status: Active Grant
First Claim
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1. A method, comprising:

  • receiving a plurality of requests for electrical power from a corresponding plurality of electrical-power users, wherein the electrical-power users receive electrical power through a feeder network controlled by a transmission node, and wherein each of the requests indicates a requested quantity of electrical power and a requested price for the requested quantity of electrical power;

    receiving one or more offers for supplying electrical power to the feeder network, the plurality of offers being from a corresponding plurality of resource suppliers, wherein each of the offers indicates an offered quantity of electrical power and an offered price for the requested quantity of electrical power; and

    using computing hardware, determining a price at which electrical power is to be supplied to the consumers on the feeder network based at least in part on the requested prices and the offered prices, the price being unique to the feeder network.

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