Bidding for energy supply to resellers and their customers
AssigneeGeophonic Networks, Inc.
InventorsJack J. Johnson, William F. Coyle
Life of this patent
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AssigneeGeophonic Networks, Inc.
InventorsJack J. Johnson, William F. Coyle
Estimating the term…
An auction service is provided that stimulates competition between energy suppliers (i.e., electric power or natural gas). A bidding moderator (Moderator) receives offers from competing suppliers specifying the economic terms each is willing to offer to resellers or customers of resellers for estimated quantities of electric power or gas supply (separate auctions). Each supplier receives feedback from the Moderator based on competitors' offers and has the opportunity to adjust its own offers down or up, depending on whether it wants to encourage or discourage additional energy delivery commitments in a particular geographic area or to a particular customer group. Each supplier's offers can also be changed to reflect each supplier's capacity utilization. The Moderator selects at least one supplier to provide electric power or natural gas to each reseller or customer of a reseller, with each supplier providing at least a portion of the electric power or natural gas to be used by each reseller or customer of a reseller during a specific future time interval.
A method for creating an automated bidding process among energy Providers in which a moderating computer collects bids from each Provider of a plurality of energy Providers, processes the bids and designates at least two Providers of the plurality of energy Providers to provide energy, consisting of electric power or natural gas, to at least one reseller for use by at least one customer of the at least one reseller, based on an economic choice in accordance with auction rules, wherein the method comprises:
A method for creating an automated bidding process among energy Providers in which a moderating computer collects bids from each Provider of a plurality of energy Providers, processes the bids and communicates with a first control computer, thereby enabling the first control computer to designate at least one Provider of the plurality of energy Providers to provide energy, consisting of electric power or natural gas, to at least one reseller for use by at least one end-user customer of the at least one reseller, based on an economic choice in accordance with auction rules, the method comprising:
A method for conducting an automated bidding process among a plurality of energy Providers, such process utilizing a moderating computer and based on an economic choice in accordance with auction rules, the method comprising:
A method for creating an automated bidding process among energy Providers for the benefit of end users in which a moderating computer collects bids from each Provider of a plurality of energy Providers, processes the bids and communicates with a first control computer, thereby enabling the first control computer to designate at least a first Provider of the plurality of energy Providers to provide energy, consisting of electric power or natural gas, to at least one end user, based on an economic choice in accordance with auction rules, the method comprising:
A method for conducting an automated bidding process among a plurality of energy Providers for the benefit of Buyers, such process utilizing a moderating computer and based on an economic choice in accordance with auction rules, the method comprising:
A method for creating an automated bidding process among energy Providers in which a moderating computer collects bids from each Provider of a plurality of energy Providers, processes the bids and designates at least one Provider of the plurality of energy Providers to provide energy, consisting of electric power or natural gas, to at least one end user, based on an economic choice in accordance with auction rules, the method comprising:
A method for conducting an automated bidding process among a plurality of energy Providers for the benefit of end users, such process utilizing a moderating computer and based on an economic choice in accordance with auction rules, the method comprising:
A method for conducting an automated bidding process among a plurality of energy Providers for the benefit of end users, such process utilizing a moderating computer and based on an economic choice in accordance with auction rules, the method comprising:
A method for conducting an automated bidding process among a plurality of energy Providers for the benefit of Buyers, such process utilizing a moderating computer and based on an economic choice in accordance with auction rules, the method comprising:
Dependencies are inferred from the claim text.