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:
Mar. 11, 2008
Filed:
Mar. 19, 1999
Petar Ristanovic, Maple Grove, MN (US);
Milan Bjelogric, Plymouth, MN (US);
James G. Frame, St. Paul, MN (US);
Mohammed Aganagic, San Jose, CA (US);
Mohammed Shahidehpour, Naperville, IL (US);
Petar Ristanovic, Maple Grove, MN (US);
Milan Bjelogric, Plymouth, MN (US);
James G. Frame, St. Paul, MN (US);
Mohammed Aganagic, San Jose, CA (US);
Mohammed Shahidehpour, Naperville, IL (US);
Siemens Power Transmission & Distribution, Inc., Wendell, NC (US);
Abstract
A system for providing an automated, on-line forward market for the exchange and scheduling of electrical power and for the auctioning of fixed transmission rights (FTRs) on a power generation and distribution system. The system provides an on-line interface to multiple, remotely located market participants who can offer to buy or sell energy for next-day scheduling. Settlement of scheduled transactions can be done on a day-ahead as well as on a real-time basis. Scheduled transactions can also be modified on an hour-ahead basis. The market participants can also take part in a monthly auction of FTRs. The market system operates in conjunction with the control facilities of the power system. Both the day-ahead market and the FTR auction are carried out by the system as part of a process which ensures the secure and efficient operation of the power system.