Patent ID: 8818889
Filing Date: 2014-08-26
Classification: G06Q,Y04S

Abstract:
1. A method for aggregating an energy service from a number of participants for use by a power-system operator, comprising: estimating, by a computer, a probe price to elicit energy service from one or more participants; providing the probe price to a respective participant in a group of participants; receiving, from the respective participant, a supply-function approximation that includes a slope, α, and an intercept, β, to map a price of the energy service to a supply amount that the respective participant can provide; calculating, by the computer, a purchase price, λ, for the group of participants of the energy service using the function: wherein C indicates a total supply quantity, and i iterates over N participants in the group of participants; responsive to the purchase price not being approximately equal to the probe price: responsive to the purchase price being approximately equal to the probe price, providing the purchase price to the participants.