Invention Grant
- Patent Title: Systems, methods and apparatus for improved operation of electricity markets
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Application No.: US14507892Application Date: 2014-10-07
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Publication No.: US10169726B2Publication Date: 2019-01-01
- Inventor: Muhamed Aganagic , Sankaran Rajagopal
- Applicant: Siemens Industry, Inc.
- Applicant Address: US GA Alpharetta
- Assignee: SIEMENS INDUSTRY, INC.
- Current Assignee: SIEMENS INDUSTRY, INC.
- Current Assignee Address: US GA Alpharetta
- Main IPC: G06Q10/00
- IPC: G06Q10/00 ; G06Q10/06 ; G06Q30/02 ; G06Q40/04 ; G06Q50/06 ; G06Q10/10

Abstract:
Embodiments provide systems and methods for operating a power system to deliver energy. Embodiments include receiving constraints within a scheduling and pricing system; receiving bids with corresponding generation capacity and offers with corresponding load requirements, within the scheduling and pricing system; applying the constraints, the bids, the generation capacity, the offers, and the load requirements to a quadratic programming model of a market clearing system within the scheduling and pricing system; determining market clearing prices and corresponding generation and load schedules based on optimizing the quadratic programming model of a market clearing system; distributing the market clearing prices and corresponding generation and load schedules to a billing and settlement system; distributing the generation and load schedules to a generation control and load management system; and directing operation of generator resources and managing loads to deliver energy to customers based on the generation and load schedules. Numerous other aspects are provided.
Public/Granted literature
- US20150221030A1 SYSTEMS, METHODS AND APPARATUS FOR IMPROVED OPERATION OF ELECTRICITY MARKETS Public/Granted day:2015-08-06
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