Local market power identification method based on IWOA-BCSVM

CN119477369APending Publication Date: 2025-02-18LIAONING POWER EXCHANGE CENT CO LTD
View PDF 0 Cites 0 Cited by

Patent Information

Application Number
CN202411444692.9
Authority / Receiving Office
CN · China
Patent Type
Applications(China)
Current Assignee / Owner
Filing Date
2024-10-16
Publication Date
2025-02-18

AI Technical Summary

Technical Problem

Existing technologies have failed to effectively identify and address local market forces, leading to rising electricity prices and market unfairness, which affects the stable operation of the electricity market.

Method used

A method based on the Improved Whale Optimization Algorithm (IWOA) and Balanced Cascaded Support Vector Machine (BCSVM) is adopted. By collecting electricity data, indicators such as total market load, Herfindahl-Hirschman index, and remaining supply capacity are extracted, the model is trained and hyperparameters are optimized, and local market forces are identified.

Benefits of technology

Effectively identify local market forces, prevent market players from abusing their market power to raise electricity prices, reduce electricity purchase costs, improve market fairness and stability, and ensure the normal operation of the electricity market.

✦ Generated by Eureka AI based on patent content.

Smart Images

  • Figure CN119477369A_ABST
    Figure CN119477369A_ABST
Patent Text Reader

Abstract

The invention discloses a local market power identification method based on IWOA-BCSVM. The method comprises the following steps: step 1, collecting data; step 2, index selection and extraction; step 3, training a BCSVM model; step 4, performing hyper-parameter optimization based on IWOA; 5, obtaining a prediction result; the method can effectively identify the local market power, prevents the market subject from abusing the market power to increase the electricity price, reduces the electricity purchasing cost of the load side, improves the electricity utilization economy of enterprises and residents, facilitates the stabilization of the price level of the electricity market, avoids the great fluctuation of the electricity price, guarantees the normal operation of the electricity market, and improves the economic benefits of enterprises and residents. Tension or interruption of power supply caused by abuse of market power is avoided; meanwhile, the market fairness can be improved, market monopoly and improper competition behaviors can be broken, and therefore healthy development of the market is promoted, confidence of market participants is enhanced, and optimal configuration of resources is achieved.
Need to check novelty before this filing date? Find Prior Art