Patent ID: 8412614

Claim:
A system for facilitating trading derivatives of energy constraints, comprising: one or more computers, comprising memory, wherein the memory stores computer-readable instructions that, when executed, cause the one or more computers to perform the steps: obtaining electronically historical constraint price data on transmission elements or groups of transmission elements over a number of respective time increments; obtaining constraint price data for the one transmission element or group of transmission elements for the given period of time by performing an algorithm calculation on the constraint prices for one of the transmission elements or one of the groups of transmission elements over a number of time increments within a given period of time; obtaining constraint price data for each of the plurality of transmission elements or groups of transmission elements for the plurality of periods of time by performing this algorithm calculation step for a plurality of the periods of time; making accessible electronically the constraint price data; calculating a bid and/or an ask based at least in part on the constraint price data on the transmission element or group of transmission element for a selected period of time; and making accessible electronically the bid and/or an ask for the constraint price data on the transmission element or group of transmission elements for the selected period of time.