Patent ID: 11887140
Assignee: MITSUBISHI ELECTRIC RESEARCH LABORATORIES, INC.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 6:
7. The method of claim 1,
wherein the additional constraints are trading related constraints, and scheduling related constraints,
wherein the trading related constraints include power balance equations between traded power and produced and consumed power for each time period and stochastic scenario, block-wise non-decreasing/non-increasing characteristics for biding/offering curves of future Option contracts and future strip contracts, non-increasing characteristics for offering curves of pool market, relationships between execution of trading block and trading rights for block of future Option contracts for each time period and stochastic scenario, mutual exclusivity for selling and buying Option and strip contracts, maximum allowed selling and buying powers for future Option and strip contracts at each time period, maximum allowed selling powers for pool market at each time period, and
wherein the scheduling related constraints include energy balance equation for storages, minimum and maximum stored energies for the storages, maximum charging and discharging capacities for the storages, maximum generated powers for wind and solar power plants, and maximum load curtailments for loads.