SYSTEM AND METHOD FOR AUTOMATED TRADING OF ELECTRICAL CONSUMPTION
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
Sep 10, 2009
app pub date -
Mar 9, 2009
filing date -
Mar 7, 2008
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A system and method for automated trading of electrical consumption. A plurality of demand bids for energy on a power grid from a plurality of consumers are received, over a network. Each demand bid comprises an identification of a consumer, a quantity of energy, an economic value of the bid, and one or more demand bid criteria. Data relating to the price of energy on the power grid is received over the network. It is then determined, using at least one computing device, if not servicing at least one of the demand bids will decrease the locational marginal price of energy on the power grid. An offer for compensation is then transmitted, over the network, to the load associated with demand bids, wherein the consumer receives the compensation if the consumer does not consume the energy related to the at least one of the demand bids.
First Claim
Family
International Classification(s)
Cited Art Landscape
Patent Citation Ranking
Advertisement
Advertisement
Advertisement
Recipient Email Address
Recipient Email Address
Comment
Recipient Email Address
Add to Portfolio(s)
To add this patent to one, or more, of your portfolios, simply click the add button.
This Patent is in these Portfolios:
Add to additional portfolios:
Last Refreshed On:
Changes done successfully