BIDDING FOR ENERGY SUPPLY

WIPO Patent Application WO1998038844

A3

An auction service is provided that stimulates competition between energy suppliers (i.e., electric power or natural gas). A bidding moderator (Moderator) receives bids from the competing suppliers of the rate each is willing to charge to particular end users for estimated quantities of electric power or gas supply (separate auctions). Each supplier receives competing bids from the Moderator and has the opportunity to adjust its own bids down or up, depending on whether it wants to encourage or discourage additional energy delivery commitments in a particular geographic area or to a particular customer group. Each supplier's bids can also be changed to reflect each supplier's capacity utilization. Appropriate billing arrangements are also disclosed.

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JOHNSON JACK J
COYLE WILLIAM F

PCT/US1998/002910

December 03, 1998

February 24, 1998

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SUMMIT TELECOM SYSTEMS INC (US)

G06Q10/04; G06Q30/02; G06Q30/08; G06Q50/06; G07F15/00

US5794212A	1998-08-11
US5606602A	1997-02-25
US5627759A	1997-05-06
US5748104A	1998-05-05
US5375055A	1994-12-20
US5508913A	1996-04-16
US5168446A	1992-12-01

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