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Bidding for Energy Supply

a technology for energy supply and bids, applied in the field of bids for energy supply, to achieve the effect of stimulating competition, facilitating forward delivery transactions, and facilitating consumer and reseller ability

Inactive Publication Date: 2003-01-30
GEOPHONIC NETWORKS
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

However, because of technological and regulatory changes, the provision of these sources of energy is becoming more of a commodity, with competition between providers expected to increase dramatically in the next few years.

Method used

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  • Bidding for Energy Supply
  • Bidding for Energy Supply
  • Bidding for Energy Supply

Examples

Experimental program
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Embodiment Construction

[0020] The Energy Auction System (EAS) can be made available to all end users of electric power or natural gas (and resellers of either), but will function best for those end users who have meters that can be read remotely by electronic means known in the industry (e.g., with access via public or private wired or wireless telecommunications facilities, coaxial cable facilities, power line communications access, etc., whether using circuit-switched, packet data, frame relay or asynchronous transfer mode networks or other communications facilities utilizing known technologies). An exemplary embodiment of the EAS system architecture is designed to operate as follows:(i) Providers transmit their most economically advantageous rates (or other economic incentives) as bids to the Moderator;(ii) the Moderator processes these bids according to specified rules of the auction to which all bidders agree, in order to produce an apples-to-apples comparison of the rates or other economic incentive...

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Abstract

<heading lvl="0">Abstract of Disclosure< / heading> 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 end users 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 two suppliers to provide energy to each end user, with each supplier providing a portion of the energy to be used by each end user at an end-user facility during a specific future time interval.

Description

Cross Reference to Related Applications[0001] This Application claims the benefit of the priority of Provisional Applications Serial # 60 / 039,041 filed February 24, 1997 and Serial # 60 / 064,421, filed October 30, 1997 andreturnFillreturnFill Application Serial # 09 / 023,968, filed February 13, 1998, now U.S. Pat. #6,047,274, issued April 4, 2000, and is a Continuation of co-pending Application Ser. #09 / 542,451, filed April 4, 2000.Background of Invention[0002] The electric power and natural gas industries will experience fundamental changes over the next few years as the results of continuing deregulation take hold. One of those results is to give end users a choice of energy providers. Until now, substantially all end users purchased the electric power or natural gas they needed from the local electric or gas utility serving their geographic area. Electric utilities have generally operated as vertically integrated local monopolies, producing or purchasing (on a wholesale basis), the...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): G06Q30/00G06Q40/00G07F15/00H02J3/00
CPCG06Q10/04G06Q20/201G06Q30/00G06Q30/0283G06Q30/08G06Q40/00G06Q40/04G06Q50/06G07F15/00H02J3/008Y04S50/10Y04S50/12Y04S50/14
Inventor JOHNSON , JACK J.COYLE , WILLIAM F.
Owner GEOPHONIC NETWORKS
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