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

Patent · Tue May 05 00:00:00 EDT 2015

OSTI ID:1179005

Chassin, David P; Pratt, Robert G

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.

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Research Organization:: Oak Ridge National Laboratory (ORNL), Oak Ridge, TN (United States)

Sponsoring Organization:: USDOE

DOE Contract Number:: AC05-76RL01830

Assignee:: Battelle Memorial Institute (Richland, WA)

Patent Number(s):: 9,026,473

Application Number:: 13/965,049

OSTI ID:: 1179005

Resource Relation:: Patent File Date: 2013 Aug 12

Country of Publication:: United States

Language:: English

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Systems and Methods for Managing a Smart Grid Network Mazzarella, Joseph R. https://doi.org/https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/20110015801 US Patent Application 12/856790; 20110015801	patent-application	January 2011
Systems and Methods for Managing Clean Energy Productions and Credits Mazzarella, Joseph R. https://doi.org/https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/20110016055 US Patent Application 12/856787; 20110016055	patent-application	January 2011
Enhanced parimutuel wagering Lange, Jeffrey; Baron, Kenneth Charles; Walden, Charles https://doi.org/https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/20110081955 US Patent Application 12/924766; 20110081955	patent-application	April 2011
Auction Methods and Systems Conwell, William Y. https://doi.org/https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/20110301964 US Patent Application 13/213972; 20110301964	patent-application	December 2011
Digital options having demand-based, adjustable returns, and trading exchange therefor Lange, Jeffrey https://doi.org/https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/20120022995 US Patent Application 13/135456; 20120022995	patent-application	January 2012
Using Bi-Directional Communications in a Market-Based Resource Allocation System Chassin, David P.; Pratt, Robert G. https://doi.org/https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/20130325691 US Patent Application 13/964996; 20130325691	patent-application	December 2013
Using Bi-Directional Communications in a Market-Based Resource Allocation System Chassin, David P.; Pratt, Robert G. https://doi.org/https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/20130325692 US Patent Application 13/965049; 20130325692	patent-application	December 2013

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