Systems, methods and apparatus for improved operation of electricity markets

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 10169726
APP PUB NO 20150221030A1
SERIAL NO

14507892

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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Embodiments provide systems and methods for operating a power system to deliver energy. Embodiments include receiving constraints within a scheduling and pricing system; receiving bids with corresponding generation capacity and offers with corresponding load requirements, within the scheduling and pricing system; applying the constraints, the bids, the generation capacity, the offers, and the load requirements to a quadratic programming model of a market clearing system within the scheduling and pricing system; determining market clearing prices and corresponding generation and load schedules based on optimizing the quadratic programming model of a market clearing system; distributing the market clearing prices and corresponding generation and load schedules to a billing and settlement system; distributing the generation and load schedules to a generation control and load management system; and directing operation of generator resources and managing loads to deliver energy to customers based on the generation and load schedules. Numerous other aspects are provided.

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Patent Owner(s)

  • SIEMENS INDUSTRY, INC.

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Aganagic, Muhamed Minneapolis, US 6 80
Rajagopal, Sankaran Plymouth, US 2 3

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