POWER TRADING AND FORECASTING TOOL

Patent №

US 5,974,403

Granted

1999-10-26

Filed 1997

Owner

IBM CORPORATION

Lab

IBM Research

AI components

ml · planning · hardware

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

08897808

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A computer implemented tool forecasts the spot price of electric power in a deregulated market and the amounts of power that may be traded in this market. Using generating capacities of multiple utilities, price functions, weather forecasts, and transmission variables, the computer implemented tool makes these forecasts at different delivery points, providing the decision maker with probabilistic distributions for spot prices and trading.

Machine learning Planning AI hardwareH02J 3/008G06Q 10/06G06Q 50/06Y02A 30/00Y04S 50/10

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AI classification

Machine learning1.00

Planning0.99

AI hardware0.91

Knowledge representation0.38

Evolutionary computation0.06

Natural language0.01

Speech0.00

Vision0.00

Ownership

IBM CORPORATION

assignment · 87260905

Assignors

TAKRITI, SAMER, WU, LILIAN S.

On an employer assignment, the assignors are typically the inventors.

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and 63 more

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