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

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.
Issue Date:
OSTI Identifier:
Battelle Memorial Institute (Richland, WA) PNNL
Patent Number(s):
Application Number:
Contract Number:
Resource Relation:
Patent File Date: 2009 Sep 29
Research Org:
Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
Sponsoring Org:
Country of Publication:
United States

Works referenced in this record:

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

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  • Advances in Artificial Intelligence
  • DOI: 10.1007/11752912_8

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report, September 2009
  • Schneider, Kevin P.; Fuller, Jason C.; Tuffner, Francis K.
  • PNNL-18864
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