skip to main content
OSTI.GOV title logo U.S. Department of Energy
Office of Scientific and Technical Information

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

Abstract

Disclosed herein are representative embodiments of methods, apparatus, and systems for distributing a resource (such as electricity) using a resource allocation system. In one exemplary embodiment, a plurality of requests for electricity are received from a plurality of end-use consumers. The requests indicate 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. A plurality of offers for supplying electricity are received from a plurality of resource suppliers. The offers indicate 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. A dispatched index value is computed at which electricity is to be supplied based at least in part on the consumer-requested index values and the supplier-requested index values.

Inventors:
Publication Date:
Research Org.:
PNNL (Pacific Northwest National Laboratory (PNNL), Richland, WA (United States))
Sponsoring Org.:
USDOE
OSTI Identifier:
1117863
Patent Number(s):
8,639,392
Application Number:
12/587,008
Assignee:
Battelle Memorial Institute (Richland, WA) PNNL
DOE Contract Number:  
AC05-76RLO1830
Resource Type:
Patent
Resource Relation:
Patent File Date: 2009 Sep 29
Country of Publication:
United States
Language:
English
Subject:
24 POWER TRANSMISSION AND DISTRIBUTION

Citation Formats

Chassin, David P. Electric power grid control using a market-based resource allocation system. United States: N. p., 2014. Web.
Chassin, David P. Electric power grid control using a market-based resource allocation system. United States.
Chassin, David P. Tue . "Electric power grid control using a market-based resource allocation system". United States. doi:. https://www.osti.gov/servlets/purl/1117863.
@article{osti_1117863,
title = {Electric power grid control using a market-based resource allocation system},
author = {Chassin, David P},
abstractNote = {Disclosed herein are representative embodiments of methods, apparatus, and systems for distributing a resource (such as electricity) using a resource allocation system. In one exemplary embodiment, a plurality of requests for electricity are received from a plurality of end-use consumers. The requests indicate 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. A plurality of offers for supplying electricity are received from a plurality of resource suppliers. The offers indicate 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. A dispatched index value is computed at which electricity is to be supplied based at least in part on the consumer-requested index values and the supplier-requested index values.},
doi = {},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Tue Jan 28 00:00:00 EST 2014},
month = {Tue Jan 28 00:00:00 EST 2014}
}

Patent:

Save / Share:

Works referenced in this record:

Spot market clearing
patent-application, May 2005


Decentralized Coordination through Digital Technology, Dynamic Pricing, and Customer-Driven Control: The GridWise Testbed Demonstration Project
journal, October 2008


Market Clearing Price Forecasting in Deregulated Electricity Markets Using Adaptively Trained Neural Networks
book, January 2006

  • Georgilakis, Pavlos S.; Antoniou, Grigoris; Potamias, George
  • Advances in Artificial Intelligence
  • DOI: 10.1007/11752912_8