The escalating demand for power load is increasingly prone to triggering power quality (PQ) issues, leading to severe economic losses. Aiming at reducing the economic losses, this paper focuses on the coordinated relationship between PQ and economic costs. Firstly, a multilayer multiple linear stepwise regression method is employed to screen PQ indicators, identifying harmonic and voltage deviation as the primary influencing factors of PQ. Secondly, a gradient descent optimization algorithm based on the Least Absolute Shrinkage and Selection Operator (LASSO) is proposed, enabling rapid computation of the minimum PQ cost. Finally, through validations of two case studies, the results confirm that the proposed method can rapidly calculate the minimum PQ cost based on real-time load demands, enabling the dynamic adjustment of PQ cost to meet the evolving needs of power system development.
