Power Trading Priority Switching for Low-Participation Bid Matching
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Solution Overview
Problem
Existing power trading systems fail to account for the diverse needs of both the supply and demand sides, particularly in cases where bid volumes are insufficient due to diversified matching conditions, leading to situations where bids meeting conditions are not present, and participation from demand or supply sides is low.
Innovation Solution
A power trading system that includes a matching-related data acquiring unit, an appearance rate prediction unit, and an agreement rate prediction unit to prioritize and switch priority levels based on predicted appearance and agreement rates, ensuring proper matching of demand and supply bids.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If existing power trading systems trade power as a single standard type without distinction, then trading efficiency is improved, but the system cannot meet the diverse needs from the power demand side and supply side
Solution Approach 1:
The patent segments power trading into multiple types (renewable energy power, non-renewable energy power, and power with storage battery supply capacity) instead of treating all power as a single standard type. This segmentation allows the system to handle diverse trading needs while maintaining efficiency through structured classification and matching processes for each power type.
2Adaptability or versatility
If diversified matching conditions are introduced to meet various needs, then adaptability is improved, but bid volumes become insufficient and matching difficulty increases
Solution Approach 1:
The patent applies local quality by introducing specific matching criteria for different power types. Renewable energy power matching considers environmental benefits, non-renewable energy power matching focuses on supply stability, and power with storage battery supply capacity matching evaluates charge/discharge capabilities. Each power type has its own localized matching conditions rather than a single complex unified system.
3Device complexity
If priority levels are not dynamically adjusted, then simple matching is maintained, but the system cannot handle situations where bid volumes are insufficient
Solution Approach 1:
The patent implements dynamic priority level adjustment based on real-time market conditions. When bid volumes are sufficient, the system uses standard matching priorities. When bid volumes are insufficient, the system dynamically adjusts priorities to favor bids that can be reliably matched, ensuring continuous operation and reliability under varying market participation levels.
Data Source
AI summary
A power trading system includes: a matching-related data acquiring unit that acquires demand bid information and supply bid information, the demand bid information and the supply bid information each being given a priority level; an appearance rate prediction unit that obtains a predicted appearance rate of the demand bid information and that of the supply bid information; an agreement rate prediction unit that obtains a predicted agreement rate of the demand bid information and that of the supply bid information; and a matching unit that matches the demand bid information to the supply bid information while switching a priority level, based on the predicted appearance rate and the predicted agreement rate.