BLOCK-PRICE OPTIMISATION IN ENERGY MARKETS
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United States of America Patent
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Jul 7, 2016
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Jul 7, 2016
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Aspects optimize competitive bidding processes for energy suppliers as a function of energy block denominations. Subset energy block sizes are defined with different quantities of energy that total up to a specified quantity of energy, as a function of matching block sizes to bidding size preferences indicated by prior supplier bidding activities of different energy suppliers. Likely dispersion distributions of bids of offered energy by the energy suppliers are determined across each of the different energy block sizes as a function of likelihoods to bid for each of the energy block sizes at the specified price. A subset group of the energy blocks are identified that have likely dispersion distribution values less than a threshold dispersion value. Energy bids are allocated to the suppliers according to their likelihood to bid in the energy quantities of the subset of the energy blocks.
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