Patent ID: 9269108
Filing Date: 2016-02-23
CPC Classification: G06Q

Claim Text:
1. A method for generating an offer value for offering to supply electricity in a market-based resource allocation system, comprising: computing, by computing hardware, an offer value indicative of a value at which electricity can be supplied by a generator for a current or next upcoming time frame, the offer value being based at least in part on dispatched index value information from an electricity futures market, such that the dispatched index value information from the electricity futures market is a factor in the computation of the offer value; submitting, by the computing hardware, the offer value along with a value indicative of a quantity of electricity that can be supplied by the generator during the current or the next upcoming time frame to a central computer that controls the resource allocation system; receiving, by the computing hardware, from the the central computer a dispatched index value for the current or upcoming time frame, the dispatched index value being based at least in part on the submitted offer value; comparing, by the computing hardware, the dispatched index value to the submitted offer value; and activating or deactivating, by the computing hardware, the generator based on the comparison.