Global to push GA events into
skip to main content
  • DOepatents
  • Using bi-directional communications in a market-based resource allocation system

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.
Inventors:
;
Issue Date:
OSTI Identifier:
1129092
Assignee:
Battelle Memorial Institute (Richland, WA) PNNL
Patent Number(s):
8,694,409
Application Number:
12/587,009
Contract Number:
AC05-76RLO1830
Resource Relation:
Patent File Date: 2009 Sep 29
Research Org:
Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
Sponsoring Org:
USDOE
Country of Publication:
United States
Language:
English
Subject:
99 GENERAL AND MISCELLANEOUS
[ × clear filter / sort ]

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
Modern Grid Strategy: Enhanced GridLAB-D Capabilities Final Report
report, September 2009
  • Schneider, Kevin P.; Fuller, Jason C.; Tuffner, Francis K.
  • PNNL-18864
  • DOI: 10.2172/1040683

    Similar records in DOepatents and OSTI.GOV collections: