Using bi-directional communications in a market-based resource allocation system

Chassin, David P; Pratt, Robert G

Using bi-directional communications in a market-based resource allocation system

Patent · Tue Apr 01 00:00:00 EDT 2014

OSTI ID:1129092

Chassin, David P; Pratt, Robert G

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.

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Research Organization:: Pacific Northwest National Laboratory (PNNL), Richland, WA (United States)

Sponsoring Organization:: USDOE

DOE Contract Number:: ;

Other Award/Contract Number:: AC05-76RLO1830

Assignee:: Battelle Memorial Institute (Richland, WA)

Patent Number(s):: 8,694,409

Application Number:: 12/587,009

OSTI ID:: 1129092

Country of Publication:: United States

Language:: English

References (42)

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