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

Claim 7:
8. The method of claim 1,
wherein the energy market values include energy blocks in which trading rights are purchased for future Option contracts, energy blocks purchased to be actually executed for future Option contracts at each time period and stochastic scenario, energy blocks to be traded for future strip contracts, selling powers to pool market at each time period and stochastic scenario,
wherein the electricity rates include premium and execution electricity prices for future selling and buying Option contracts, electricity prices for future selling and buying strip contracts, selling prices for pool market at each time period and stochastic scenario, and
wherein power producing, storing and consumption includes the charging/discharging statuses, powers and related wear cost for storages at each time period and stochastic scenario, the power generated and related wear cost for wind and solar power plants at each time period and stochastic scenario, the load curtailments and related cost for loads at each time period and stochastic scenario.