Patent ID: 6909941
Filing Date: 2005-06-21
Classification: G06Q,H02J,Y04S

Abstract:
1. An automated method for the management of a bulk electric power market, comprising: implementing a set of inter-related automated process streams relating to the bulk electric power market; implementing a plurality of automated processes for each process stream contained in said set of inter-related process streams, at least one process of each process stream serving as an input to, or output from, at least one other process stream, each process having: (i) automated inputs; (ii) automated activities; (iii) and automated outputs; implementing an automated process stream flow for each process stream; implementing an automated process flow for each process in each process stream; and utilizing the process streams to automatically manage a bulk electric power market, including at least one of: determining market-based wholesale electric rates; scheduling transmission outages; creating a day-ahead market schedule; and calculating monetary positions of customers involved in settlement of the day-ahead market.