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Distributing resources in a market-based resource allocation system

United States Patent Application

View the Complete Application at the US Patent & Trademark Office
Pacific Northwest National Laboratory - Visit the Technology Commercialization Program Website
Disclosed herein are representative embodiments of methods, apparatus, and systems for distributing a resource (such as electricity) using a resource allocation system. In one exemplary embodiment, a plurality of requests for electricity are received from a plurality of end-use consumers. The requests indicate a requested quantity of electricity and a consumer-requested index value indicative of a maximum price a respective end-use consumer will pay for the requested quantity of electricity. A plurality of offers for supplying electricity are received from a plurality of resource suppliers. The offers indicate an offered quantity of electricity and a supplier-requested index value indicative of a minimum price for which a respective supplier will produce the offered quantity of electricity. A dispatched index value is computed at which electricity is to be supplied based at least in part on the consumer-requested index values and the supplier-requested index values.
Chassin, David P. (Pasco, WA)
Battelle Memorial Institute
12/ 587,000
September 29, 2009
ACKNOWLEDGMENT OF GOVERNMENT SUPPORT [0002] This invention was made with Government support under Contract DE-ACO5-76RLO1830 awarded by the U.S. Department of Energy. The Government has certain rights in the invention.