This invention discloses a
covariate-enhanced time-series large-
scale model for
electricity price forecasting, comprising: S1: acquiring and preprocessing multi-source time-
series data, the data including at least historical day-ahead
electricity price sequences, historical day-ahead dispatch disclosure
data sequences, and historical meteorological
data sequences, and acquiring the dispatch disclosure and / or weather forecast data of the next day as future covariates; S2: constructing a
backbone network based on a general time-series pre-trained model, and on the basis of the
backbone network, integrating a historical
covariate fusion module, a future
covariate injection module, and a principal-covariate nonlinear interaction module in a pluggable manner to form a covariate-enhanced time-series large-
scale model; S3: the forecasting phase; and S4: evaluating the forecast results. This invention can improve forecasting performance and operational indicators by structurally fusing historical dispatch disclosures, meteorological data, and
electricity load, and reasonably introducing known future covariates, while ensuring causal constraints.