Forward-looking transactive pricing schemes for use in a market-based resource allocation system
First Claim
1. A method for operating an electrical device in a market-based resource allocation system, the method comprising:
- receiving, by computing hardware associated with the electrical device, a user comfort setting selected by a user, the user comfort setting being selected from at least a first user comfort setting and a second user comfort setting, the first user comfort setting indicating the user'"'"'s willingness to pay more to achieve a desired performance level for the electrical device relative to the second user comfort setting;
receiving, by the computing hardware, a cleared price for electricity from a local resource allocation market from which the electrical device receives electricity;
receiving, by the computing hardware, price information from an electricity futures market;
computing, by the computing hardware, a probability value of operating the electrical device based at least in part on the user comfort setting, the cleared price for electricity from the local resource allocation market, and the price information from the electricity futures market;
generating, by the computing hardware, a random number;
determining, by the computing hardware, whether to operate the electrical device by comparing the random number to the probability value; and
activating or deactivating, by the computing hardware, the electrical device based on the comparison between the random number and the probability value.
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Abstract
Disclosed herein are representative embodiments of methods, apparatus, and systems for distributing a resource (such as electricity) using a resource allocation system. One of the disclosed embodiments is a method for generating a bid value for purchasing electricity in a market-based resource allocation system. In this embodiment, a desired performance value indicative of a user'"'"'s desired performance level for an electrical device is received. Price information from an electricity futures market is received. A bid value for purchasing electricity from a local resource allocation market sufficient to operate the electrical device at the desired performance level is computed. In this embodiment, the computing is performed based at least in part on the desired performance value and based at least in part on the price information from the electricity futures market.
184 Citations
19 Claims
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1. A method for operating an electrical device in a market-based resource allocation system, the method comprising:
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receiving, by computing hardware associated with the electrical device, a user comfort setting selected by a user, the user comfort setting being selected from at least a first user comfort setting and a second user comfort setting, the first user comfort setting indicating the user'"'"'s willingness to pay more to achieve a desired performance level for the electrical device relative to the second user comfort setting; receiving, by the computing hardware, a cleared price for electricity from a local resource allocation market from which the electrical device receives electricity; receiving, by the computing hardware, price information from an electricity futures market; computing, by the computing hardware, a probability value of operating the electrical device based at least in part on the user comfort setting, the cleared price for electricity from the local resource allocation market, and the price information from the electricity futures market; generating, by the computing hardware, a random number; determining, by the computing hardware, whether to operate the electrical device by comparing the random number to the probability value; and activating or deactivating, by the computing hardware, the electrical device based on the comparison between the random number and the probability value. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. One or more non-transitory computer-readable media storing computer-executable instructions for causing a computer to perform a method for operating an electrical device in a market-based resource allocation system, the method comprising:
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receiving a user comfort setting selected by a user, the user comfort setting being selected from at least a first user comfort setting and a second user comfort setting, the first user comfort setting indicating the user'"'"'s willingness to pay more to achieve a desired performance level for the electrical device relative to the second user comfort setting; receiving a cleared price for electricity from a local resource allocation market from which the electrical device receives electricity; receiving price information from an electricity futures market; computing a probability value of operating the electrical device based at least in part on the user comfort setting, the cleared price for electricity from the local resource allocation market, and the price information from the electricity futures market; generating a random number; determining whether to operate the electrical device by comparing the random number to the probability value; and activating or deactivating the electrical device based on the comparison between the random number and the probability value. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19)
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11. A system comprising memory and a processor programmed to operate an electrical device in a market-based resource allocation system, the processor programmed to:
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receive a user comfort setting selected by a user, the user comfort setting being selected from at least a first user comfort setting and a second user comfort setting, the first user comfort setting indicating the user'"'"'s willingness to pay more to achieve a desired performance level for the electrical device relative to the second user comfort setting; receive a cleared price for electricity from a local resource allocation market from which the electrical device receives electricity; receive price information from an electricity futures market; compute a probability value of operating the electrical device based at least in part on the user comfort setting, the cleared price for electricity from the local resource allocation market, and the price information from the electricity futures market; generate a random number; determine whether to operate the electrical device by comparing the random number to the probability value; and activate or deactivate the electrical device based on the comparison between the random number and the probability value.
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Specification