Bidding for energy supply
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United States of America Patent
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-
Apr 4, 2000
Grant Date -
N/A
app pub date -
Feb 13, 1998
filing date -
Feb 24, 1997
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
An auction service is provided that stimulates competition between energy suppliers (i.e., electric power or natural gas). A bidding moderator (Moderator) receives bids from the competing suppliers of the rate each is willing to charge to particular end users for estimated quantities of electric power or gas supply (separate auctions). Each supplier receives competing bids from the Moderator and has the opportunity to adjust its own bids down or up, depending on whether it wants to encourage or discourage additional energy delivery commitments in a particular geographic area or to a particular customer group. Each supplier's bids can also be changed to reflect each supplier's capacity utilization. Appropriate billing arrangements are also disclosed.
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