Power trading and forecasting tool
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United States of America Patent
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-
Oct 26, 1999
Grant Date -
N/A
app pub date -
Jul 21, 1997
filing date -
Jul 21, 1997
priority date (Note) -
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status (Latency Note)
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Abstract
A computer implemented tool forecasts the spot price of electric power in a deregulated market and the amounts of power that may be traded in this market. Using generating capacities of multiple utilities, price functions, weather forecasts, and transmission variables, the computer implemented tool makes these forecasts at different delivery points, providing the decision maker with probabilistic distributions for spot prices and trading.
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