Simultaneous optimal auctions using augmented lagrangian and surrogate optimization

US7599866B2 · kind B2 · utility

Assignees

• Southern California Edison Company · US
• UNIVERSITY OF CONNECTICUT · US

Inventors

• Joseph H. Yan · Arcadia, US
• Peter B. Luh · Coventry, US
• Gary A. Stern · Monrovia, US
• William Blankson · Columbia, US
• Ernan Ni · Berlin, US
• Ying Chen · Santa Clara, US
• Feng Zhao · Issaquah, US
• Yaming Ma · Ashford, US

Key dates

• Filing date: Dec 23, 2003
• Grant date: Oct 6, 2009
• Expiry date: Jun 1, 2026

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for determining a market clearing price (“MCP”) in an electricity market, in which an objective function relates the MCP and constraints in terms of a nonlinear programming expression, and the MCP is found by resolving an augmented Lagrangian dual function using a surrogate optimization framework. A system is also provided.