Patents by Inventor Andre E. Foster

Andre E. Foster has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20040215529
    Abstract: A method and computer program product for forecasting the retail price of electricity for a customer in a deregulated market and for providing probabilistic valuation of costs and risks. The method includes the steps of performing a digital simulation of marginal clearing prices and hourly customer load to derive expected and probabilistic forecasts of load-weighted wholesale prices and costs for a customer; determining a supplier risk premium to be added to the forecasted retail price based on an expected wholesale price volatility, an expected variability of customer load, and a set of contractual conditions governing price structure, volume flexibility, and financial options embedded within a contract; performing a supply price analysis; and presenting the results of the supply price analysis to the customer.
    Type: Application
    Filed: April 16, 2004
    Publication date: October 28, 2004
    Inventors: Andre E. Foster, Kevin Greiner