Invention Grant
- Patent Title: Forward-looking transactive pricing schemes for use in a market-based resource allocation system
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Application No.: US13096682Application Date: 2011-04-28
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Publication No.: US09245297B2Publication Date: 2016-01-26
- Inventor: David P. Chassin , Jason C. Fuller , Robert G. Pratt , Nirupama Prakash Kumar , Andrew R. Fisher
- Applicant: David P. Chassin , Jason C. Fuller , Robert G. Pratt , Nirupama Prakash Kumar , Andrew R. Fisher
- Applicant Address: US WA Richland
- Assignee: Battelle Memorial Institute
- Current Assignee: Battelle Memorial Institute
- Current Assignee Address: US WA Richland
- Agency: Klarquist Sparkman, LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q40/04 ; G06Q30/08

Abstract:
Disclosed herein are representative embodiments of methods, apparatus, and systems for distributing a resource (such as electricity) using a resource allocation system. One of the disclosed embodiments is a method for generating a bid value for purchasing electricity in a market-based resource allocation system. In this embodiment, a desired performance value indicative of a user's desired performance level for an electrical device is received. Price information from an electricity futures market is received. A bid value for purchasing electricity from a local resource allocation market sufficient to operate the electrical device at the desired performance level is computed. In this embodiment, the computing is performed based at least in part on the desired performance value and based at least in part on the price information from the electricity futures market.
Public/Granted literature
- US20120278220A1 FORWARD-LOOKING TRANSACTIVE PRICING SCHEMES FOR USE IN A MARKET-BASED RESOURCE ALLOCATION SYSTEM Public/Granted day:2012-11-01
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