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Publication numberWO2002103465 A3
Publication typeApplication
Application numberPCT/US2002/015719
Publication dateJan 8, 2004
Filing dateMay 15, 2002
Priority dateMay 15, 2001
Also published asCA2445066A1, US20030055776, WO2002103465A2
Publication numberPCT/2002/15719, PCT/US/2/015719, PCT/US/2/15719, PCT/US/2002/015719, PCT/US/2002/15719, PCT/US2/015719, PCT/US2/15719, PCT/US2002/015719, PCT/US2002/15719, PCT/US2002015719, PCT/US200215719, PCT/US2015719, PCT/US215719, WO 02103465 A3, WO 02103465A3, WO 2002/103465 A3, WO 2002103465 A3, WO 2002103465A3, WO-A3-02103465, WO-A3-2002103465, WO02103465 A3, WO02103465A3, WO2002/103465A3, WO2002103465 A3, WO2002103465A3
InventorsRalph Samuelson
ApplicantAutomated Power Exchange Inc
Export CitationBiBTeX, EndNote, RefMan
External Links: Patentscope, Espacenet
Method and apparatus for bundling transmission rights and energy for trading
WO 2002103465 A3
Abstract
A method and apparatus for bundling transmission rights and energy for trading allows participants to enter bids for complete energy and transmission rights bundles that they wish to buy and offers for the complete bundles that they wish to sell through a user interface. An optimization system is provided that continuously searches for ways to disassemble the bundles that participants wish to sell into their component elements (transmission rights and energy) and reassembles them into bundles that participants wish to buy. Any time that a set of bundles that participants wish to sell can be reassembled into a set of bundles that other customers wish to buy, and the aggregate bids for the new bundles exceeds the aggregate offers for the old bundles, the optimization system contracts orders for the bundles and performs the disassembly and reassembly. The invention provides a participant with an ex ante quote for any point-to-point transmission right at any time. An optimization system calculates this quote based on the standing bids and offers for other point-to-point transmission rights currently posted in the system by other participants or market makers. A participant that finds the quote attractive places an order at any time and is assured that the order will contract at the quoted price.
Patent Citations
Cited PatentFiling datePublication dateApplicantTitle
US6115698 *Aug 18, 1995Sep 5, 2000Continental Power Exchange, Inc.Apparatus and method for trading electric energy
Classifications
International ClassificationH02J3/00
Cooperative ClassificationY04S50/10, G06Q40/04, Y04S10/58, H02J3/008
European ClassificationG06Q40/04, H02J3/00T
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