Patent ID: 11861687
Assignee: ROCKLAND ELECTRIC COMPANY
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 9:
10. The method of claim 1, wherein a subsequent round price for each of the plurality of products for the at least one subsequent round is based on a previous round price of an immediately previous round and a number of tranches bid for each of the at least one of the plurality of products during the immediately previous round, wherein the subsequent round price is lower than the previous round price for any of the at least one of the plurality of products that received a number of tranches bid greater than a tranche target for that product during the immediately previous round, wherein the subsequent round price is equal to the previous round price for any of the at least one of the plurality of products that received a number of tranches bid equal to or less than the tranche target for that product during the immediately previous round, wherein a round result is sent during step (C), the round result including the subsequent round price for each of the plurality of products and at least one of a notice of the number of tranches bid during the immediately previous round for each of the plurality of products and an amount of excess supply offered during the immediately previous round for each of the plurality of products.