Application of Large Language Models to Electricity Markets
By discussing the application of large language models (LLMs) in the power market, their potential and challenges in assisting quotation decision-making, risk monitoring, intelligent customer service, transaction management, and retail package generation are analyzed. Based on the basic principles and development process of large models, combined with current technical requirements, the development direction of large model applications in the power market in the future is proposed, and multiple power market application functions based on large models are designed to improve the decision-making efficiency and risk management capabilities of the power market.
Authors
- Yuetong Chen (ORCID: https://orcid.org/0000-0003-3578-5621)
- Yanli Yao
- Dunnan Liu (ORCID: https://orcid.org/0000-0002-2155-8359)
- Zhongtao Chen (ORCID: https://orcid.org/0000-0002-9701-0509)
- Hang Fan (ORCID: https://orcid.org/0000-0002-7927-1684)
- Dong Wei (ORCID: https://orcid.org/0000-0002-7049-8508)
- Liuqing Yang (ORCID: https://orcid.org/0009-0003-1239-5804)
- Xinyi Li (ORCID: https://orcid.org/0000-0003-0080-7034)
Institutions
- North China Electric Power University (CN)
- State Grid Corporation of China (China) (CN)
Publication Details
- Published
- 2024-11-29
- DOI
- https://doi.org/10.1109/ei264398.2024.10991739
- Primary Topic
- Energy Load and Power Forecasting
- Type
- article
- Field-Weighted Citation Impact
- 0.00
Funders
- North China Electric Power University