The invention relates to a power transaction management method based on multi-factor combination modeling and a power transaction management system thereof. The method comprises the following steps: (1) describing the characteristic parameters of a variety of transactions based on a transaction factor model; (2) selecting transaction factors, setting the operation logic between the factors, and forming access rules, declaration rules, sorting rules and clearing rules; (3) providing four standard transaction clearing algorithms based on a component library design idea, and supporting online registration of new algorithms; (4) registering transaction types, associating rules and algorithms, and configuring a process; and (5) releasing a transaction sequence, and conducting a transaction in accordance with the process. According to the invention, a power transaction factor combination modeling method is adopted, factors affecting the transaction process are converted into parameters and combined into declaration rules, access rules, sorting rules and clearing rules, and a transaction management system is established based on a transaction standard algorithm and process management. The method and the system can adapt to the demand for a national unified power market, support multiple transaction varieties, and adapt to the change of transaction rules.