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:

2015-09-08

Research Org.:

Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States)

Sponsoring Org.:

USDOE

OSTI Identifier:

1214121

Patent Number(s):

9129337

Application Number:

13/964,996

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

Show more

G - PHYSICS G06 - COMPUTING G06Q - DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES

G06Q40/04 - Exchange, e.g. stocks, commodities, derivatives or currency exchange

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

Y04S50/12 - Billing, invoicing, buying or selling transactions or other related activities, e.g. cost or usage evaluation

G - PHYSICS G06 - COMPUTING G06Q - DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES

G06Q50/06 - Electricity, gas or water supply
G06Q30/0611 - {Request for offers or quotes}

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

Y04S50/10 - Energy trading, including energy flowing from end-user application to grid
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

G - PHYSICS G06 - COMPUTING G06Q - DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES

G06Q30/08 - Auctions {, matching or brokerage
G06Q20/102 - {Bill distribution or payments}

Show less

DOE Contract Number:  

AC05-76RL01830

Resource Type:

Patent

Resource Relation:

Patent File Date: 2013 Aug 12

Country of Publication:

United States

Language:

English

Subject:

24 POWER TRANSMISSION AND DISTRIBUTION