US 2004/0019573 A1 · Security constrained optimal dispatch for load prediction for electricity markets

Abstract

The present invention is an apparatus for optimizing security constrained dispatch and pricing for the wholesale energy trading market. The imbalance market uniquely requires a real-time market for bidding and for providing the energy generation adjustments required to satisfy the imbalance. The present invention address the above noted needs by providing a real-time imbalance engine to support and implement the equitable imbalance requirement via a computer system implementation. Additionally, the present invention allows the market generators and loads to provide electronic bids for resolution while considering constraints on the demand and supply system.

Claims10

Dependent claims

A computer implemented system for optimal market dispatch for clearance and pricing of energy in an energy trading market spanning control areas of at least one market participant wherein load prediction is performed considering load system requirements, said system comprising:

means for inputting transmission security constraints of said at least one market participant;
means for clearing energy bids across said control areas;
means for optimizing the dispatch of energy considering said load security constraints of said at least one market participant;
and
means for pricing the dispatch of energy considering said load security constraints.

2 more elements

Dependencies are inferred from the claim text.

Facts

Application

10/385,223Filed 10 Mar 2003

Priority

11 Mar 2002

Published

29 Jan 2004

Term ends

Not estimatedThe source records don’t support an estimate.

Classification12 codes

H02J 3/008
Circuit arrangements for AC mains or AC distribution networks: circuit arrangements for power supply or distribution technologies responsive to…
G06Q 40/04
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: trading; Exchange, e.g. stocks, commodities, derivatives or currency…
G06Q 50/06
Information and communication technology [ICT] specially adapted for implementation of business processes of specific business sectors, e.g.…:…
H02J 3/003
Circuit arrangements for AC mains or AC distribution networks: load forecast, e.g. methods or systems for forecasting future load demand

Security constrained optimal dispatch for load prediction for electricity markets

Life of this patent

Security constrained optimal dispatch for load prediction for electricity markets

Life of this patent

Abstract

Claims10