The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Apr. 27, 2021
Filed:
Oct. 05, 2015
Open Access Technology International, Inc., Minneapolis, MN (US);
Sasan Mokhtari, Eden Prairie, MN (US);
Haso Peljto, Brooklyn Park, MN (US);
Ilya William Slutsker, Plymouth, MN (US);
Carlos Gonzalez-Perez, Maple Grove, MN (US);
Scott Arcand, New Brighton, MN (US);
Guillermo Irisarri, Plymouth, MN (US);
OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC., Minneapolis, MN (US);
Abstract
A process/method is provided for the next generation of electricity market systems that support competitive trading of electric energy and ancillary services within day-ahead and real-time market operation frameworks. The invention comprises the systems and methods related to advances in electricity market architecture, functionality, and performance. The systems and methods of the invention ensure system operation reliability and maximize market economic efficiency of energy and ancillary services trading in competitive market environment. A process/method comprising optimal clearing and competitive price formation for a variety of market commodities that are supplied and consumed by a numerous market entities of a variety of types. The solution process is arranged and facilitated in controllable and efficient manner.