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

Chassin, David P; Pratt, Robert G

Title: Using bi-directional communications in 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:: Chassin, David P; Pratt, Robert G

Issue Date:: 2014-04-01

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

Sponsoring Org.:: USDOE

OSTI Identifier:: 1129092

Patent Number(s):: 8694409

Application Number:: 12/587,009

Assignee:: Battelle Memorial Institute (Richland, WA)

Patent Classifications (CPCs):: G - PHYSICS G06 - COMPUTING G06Q - DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES

Y - NEW / CROSS SECTIONAL TECHNOLOGIES Y04 - INFORMATION OR COMMUNICATION TECHNOLOGIES HAVING AN IMPACT ON OTHER TECHNOLOGY AREAS Y04S - SYSTEMS INTEGRATING TECHNOLOGIES RELATED TO POWER NETWORK OPERATION, COMMUNICATION OR INFORMATION TECHNOLOGIES FOR IMPROVING THE ELECTRICAL POWER GENERATION, TRANSMISSION, DISTRIBUTION, MANAGEMENT OR USAGE, i.e. SMART GRIDS

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G - PHYSICS G06 - COMPUTING G06Q - DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES
G06Q20/102 - {Bill distribution or payments}
G06Q30/0611 - {Request for offers or quotes}
G06Q30/08 - Auctions {, matching or brokerage
G06Q40/04 - Exchange, e.g. stocks, commodities, derivatives or currency exchange
G06Q50/06 - Electricity, gas or water supply

Y - NEW / CROSS SECTIONAL TECHNOLOGIES Y04 - INFORMATION OR COMMUNICATION TECHNOLOGIES HAVING AN IMPACT ON OTHER TECHNOLOGY AREAS Y04S - SYSTEMS INTEGRATING TECHNOLOGIES RELATED TO POWER NETWORK OPERATION, COMMUNICATION OR INFORMATION TECHNOLOGIES FOR IMPROVING THE ELECTRICAL POWER GENERATION, TRANSMISSION, DISTRIBUTION, MANAGEMENT OR USAGE, i.e. SMART GRIDS
Y04S10/50 - Systems or methods supporting the power network operation or management, involving a certain degree of interaction with the load-side end user applications
Y04S50/10 - Energy trading, including energy flowing from end-user application to grid
Y04S50/12 - Billing, invoicing, buying or selling transactions or other related activities, e.g. cost or usage evaluation

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DOE Contract Number:: AC05-76RLO1830

Resource Type:: Patent

Resource Relation:: Patent File Date: 2009 Sep 29

Country of Publication:: United States

Language:: English

Subject:: 99 GENERAL AND MISCELLANEOUS

Citation Formats


                    Chassin, David P, and Pratt, Robert G. Using bi-directional communications in a market-based resource allocation system.  United States: N. p., 2014. 
        Web.

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                    Chassin, David P, & Pratt, Robert G. Using bi-directional communications in a market-based resource allocation system.  United States.

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                    Chassin, David P, and Pratt, Robert G. Tue .  
        "Using bi-directional communications in a market-based resource allocation system".  United States.  https://www.osti.gov/servlets/purl/1129092.

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@article{osti_1129092,

  title        = {Using bi-directional communications in a market-based resource allocation system},

  author       = {Chassin, David P and Pratt, Robert G},

  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         = {2014},

  month        = {4}

}

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