Bidding for energy supply

Details Bidding for energy supply Bidding for energy supply

1998-02-13

2000-04-04

Cosimano, Edward R.

Data processing: financial, business practice, management, or co

For cost/price

Utility usage

705400, 705 10, 379112, 379115, G06F 1760

Patent

active

06047274&

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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Veall, Michael R., On Estimating the Effects of Peak Deamand Pricing, Journal of Applied Econometrics, vol. 1, 81-93 (1986).
Engle, Robert F., Modelling Peak Electricity Demand, Journal of Forecasting, vol. 11n3, 241-251 (1992).

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