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:
- Issue Date:
- Research Org.:
- Oak Ridge National Laboratory (ORNL), Oak Ridge, TN (United States)
- Sponsoring Org.:
- USDOE
- OSTI Identifier:
- 1195931
- Patent Number(s):
- 9087359
- Application Number:
- 14/166,662
- 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
- DOE Contract Number:
- AC05-76RL01830
- Resource Type:
- Patent
- Resource Relation:
- Patent File Date: 2014 Jan 28
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 24 POWER TRANSMISSION AND DISTRIBUTION; 97 MATHEMATICS AND COMPUTING
Citation Formats
Chassin, David P. Electric power grid control using a market-based resource allocation system. United States: N. p., 2015.
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. https://www.osti.gov/servlets/purl/1195931.
@article{osti_1195931,
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 = {2015},
month = {7}
}
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- 2008 41st Annual Hawaii International Conference on System Sciences, Proceedings of the 41st Annual Hawaii International Conference on System Sciences (HICSS 2008)
A State-Queueing Model of Thermostatically Controlled Appliances
journal, August 2004
- Lu, N.; Chassin, D. P.
- IEEE Transactions on Power Systems, Vol. 19, Issue 3, p. 1666-1673
Control strategies of thermostatically controlled appliances in a competitive electricity market
conference, January 2005
- Ning Lu, ; Katipamula, S.
- IEEE Power Engineering Society General Meeting, 2005
Design Considerations for Frequency Responsive Grid Friendly>sup/sup< Appliances
conference, January 2006
- Ning Lu, ; Hammerstrom, D. J.
- 2005/2006 PES TD
Modeling Uncertainties in Aggregated Thermostatically Controlled Loads Using a State Queueing Model
journal, May 2005
- Lu, N.; Chassin, D. P.; Widergren, S. E.
- IEEE Transactions on Power Systems, Vol. 20, Issue 2
Reputation-aware Transaction Mechanisms in Grid Resource Market
conference, August 2007
- Lu, Weina; Yang, Shoubao; Guo, Leitao
- Sixth International Conference on Grid and Cooperative Computing (GCC 2007)
Simulating price responsive distributed resources
conference, January 2004
- Lu, N.; Chassin, D. P.; Widergren, S. E.
- IEEE PES Power Systems Conference and Exposition, 2004.
A Reinforcement Learning Model to Assess Market Power Under Auction-Based Energy Pricing
journal, February 2007
- Nanduri, Vishnuteja; Das, Tapas K.
- IEEE Transactions on Power Systems, Vol. 22, Issue 1
Market power and efficiency in a computational electricity market with discriminatory double-auction pricing
journal, January 2001
- Nicolaisen, J.; Petrov, V.; Tesfatsion, L.
- IEEE Transactions on Evolutionary Computation, Vol. 5, Issue 5
Market-Based Resource Allocation in Grids
conference, December 2006
- Pourebrahimi, B.; Bertels, K.; Kandru, G. M.
- 2006 Second IEEE International Conference on e-Science and Grid Computing (e-Science'06)
A Utility-Based Double Auction Mechanism for Efficient Grid Resource Allocation
conference, December 2008
- Satayapiwat, Chainan; Egawa, Ryusuke; Takizawa, Hiroyuki
- 2008 IEEE International Symposium on Parallel and Distributed Processing with Applications (ISPA)
A Taxonomy of North American radial distribution feeders
conference, July 2009
- Schneider, K. P.; Chen, Y.; Engle, D.
- Energy Society General Meeting (PES), 2009 IEEE Power & Energy Society General Meeting
Distribution power flow for smart grid technologies
conference, March 2009
- Schneider, K. P.; Chassin, D.; Chen, Y.
- 2009 IEEE/PES Power Systems Conference and Exposition (PSCE)
Modern Grid Strategy: Enhanced GridLAB-D Capabilities Final Report
report, September 2009
- Schneider, Kevin P.; Fuller, Jason C.; Tuffner, Francis K.
- PNNL-18864
GridLAB-D Technical Support Document: Residential End-Use Module Version 1.0
report, July 2008
- Taylor, Zachary T.; Gowri, Krishnan; Katipamula, Srinivas