{"schema_version":"1.0","canonical_url":"https://patentable.app/patents/US-9792647","patent":{"patent_number":"US-9792647","title":"Electronic bid switch requests for computer-based auctioning of basic generation services","assignee":null,"inventors":[],"filing_date":"2012-07-10T00:00:00.000Z","publication_date":"2017-10-17T00:00:00.000Z","cpc_codes":["G06Q","G06Q","G06Q","G06Q","G06Q"],"num_claims":47,"abstract":"A system and method of conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services (BGS) includes receiving bids by an application server host application for processing bids according to auction rules, for tranche units of BGS products, calculating next round prices, and sending round results to bidders, the subsequent round prices and a notice of the number of tranches bid during the previous round and/or the amount of excess supply offered. When a later round price is less than an earlier one an electronic switch request to switch a bid to another product is received. When the number of tranches bid are equal to or less than a certain threshold for each of the products, the auction may end and bidders are awarded an ending price for each of the products won."},"analysis":{"summary":null,"layman_explanation":null,"technical_analysis":null,"business_analysis":null,"faqs":null,"topics":[],"tech_cluster":null},"seo":{"title":"Electronic bid switch requests for computer-based auctioning of basic generation services","description":"A system and method of conducting a computer-based, simultaneous, multiple round, descending clock auction for basic generation services (BGS) includes receiving bids by an application server host app","keywords":[]},"attribution":{"source":"Patentable","source_url":"https://patentable.app","canonical_url":"https://patentable.app/patents/US-9792647","license":"CC-BY-4.0-like","license_terms":"AI-generated analysis on this page (summary, layman_explanation, technical_analysis, business_analysis, faqs) may be reused with attribution and a visible link back to the canonical URL above. Patent abstracts, claims, and bibliographic data are USPTO public domain.","required_link":"https://patentable.app/patents/US-9792647","citation_suggestion":"Patentable. \"Electronic bid switch requests for computer-based auctioning of basic generation services\" (US-9792647). https://patentable.app/patents/US-9792647","copyright_holder":"Nomic Interactive Technology LLC"},"links":{"html":"https://patentable.app/patents/US-9792647","json":"https://patentable.app/api/llm-context/US-9792647","site":"https://patentable.app","llms_txt":"https://patentable.app/llms.txt"},"generated_at":"2026-06-06T15:39:18.697Z"}