Sharing Economy in Future Electricity Markets: Security and Privacy Analysis

Mehdi Montakhabi; Akash Madhusudan; Shenja van der Graaf; Aysajan Abidin; Mustafa A. Mustafa

Sharing Economy in Future Electricity Markets: Security and Privacy Analysis

Mehdi Montakhabi, Akash Madhusudan, Shenja van der Graaf, Aysajan Abidin, Mustafa A. Mustafa

Information Management

Research output: Chapter in Book/Conference proceeding › Conference contribution › peer-review

Abstract

This paper performs an in-depth security and privacy analysis of emergent (peer-to-peer) electricity trading markets where individual users (via their smart meters) can trade electricity with other users and market players in a (semi)decentralised manner. Firstly, a high-level overview of future electricity markets is presented,and a comprehensive explanation is offered concerning the evolution of the current (and future) actors regarding their roles. Secondly, business model matrix analysis is deployed to develop and discuss in detail four scenarios based on customers’ information ownership and citizens’ level of involvement. Lastly, an analysis of security and privacy threats is performed which leads to a speciﬁcation of necessary requirements to mitigate such threats. This paper provides and serves as a benchmark for risk assessment and future design of secure peer-to-peer electricity trading markets.

Original language	English
Title of host publication	Workshop on Decentralized IoT Systems and Security (DISS) 2020, co-located with NDSS 2020
Publication status	Accepted/In press - 17 Jan 2020
Event	26th Annual Network and Distributed System Security Symposium - San Diego, United States Duration: 23 Feb 2020 → 26 Feb 2020

Conference

Conference	26th Annual Network and Distributed System Security Symposium
Abbreviated title	NDSS 2020
Country/Territory	United States
City	San Diego
Period	23/02/20 → 26/02/20

Embargoed Document

article-3119
Accepted author manuscript, 1.63 MB
Embargo ends: 1/01/30

Cite this

@inproceedings{4d62e96517234131ace321ad8aad9598,

title = "Sharing Economy in Future Electricity Markets: Security and Privacy Analysis",

abstract = "This paper performs an in-depth security and privacy analysis of emergent (peer-to-peer) electricity trading markets where individual users (via their smart meters) can trade electricity with other users and market players in a (semi)decentralised manner. Firstly, a high-level overview of future electricity markets is presented,and a comprehensive explanation is offered concerning the evolution of the current (and future) actors regarding their roles. Secondly, business model matrix analysis is deployed to develop and discuss in detail four scenarios based on customers{\textquoteright} information ownership and citizens{\textquoteright} level of involvement. Lastly, an analysis of security and privacy threats is performed which leads to a speciﬁcation of necessary requirements to mitigate such threats. This paper provides and serves as a benchmark for risk assessment and future design of secure peer-to-peer electricity trading markets.",

author = "Mehdi Montakhabi and Akash Madhusudan and Graaf, {Shenja van der} and Aysajan Abidin and Mustafa, {Mustafa A.}",

year = "2020",

month = jan,

day = "17",

language = "English",

booktitle = "Workshop on Decentralized IoT Systems and Security (DISS) 2020, co-located with NDSS 2020",

note = "26th Annual Network and Distributed System Security Symposium, NDSS 2020 ; Conference date: 23-02-2020 Through 26-02-2020",

}

TY - GEN

T1 - Sharing Economy in Future Electricity Markets: Security and Privacy Analysis

AU - Montakhabi, Mehdi

AU - Madhusudan, Akash

AU - Graaf, Shenja van der

AU - Abidin, Aysajan

AU - Mustafa, Mustafa A.

PY - 2020/1/17

Y1 - 2020/1/17

N2 - This paper performs an in-depth security and privacy analysis of emergent (peer-to-peer) electricity trading markets where individual users (via their smart meters) can trade electricity with other users and market players in a (semi)decentralised manner. Firstly, a high-level overview of future electricity markets is presented,and a comprehensive explanation is offered concerning the evolution of the current (and future) actors regarding their roles. Secondly, business model matrix analysis is deployed to develop and discuss in detail four scenarios based on customers’ information ownership and citizens’ level of involvement. Lastly, an analysis of security and privacy threats is performed which leads to a speciﬁcation of necessary requirements to mitigate such threats. This paper provides and serves as a benchmark for risk assessment and future design of secure peer-to-peer electricity trading markets.

AB - This paper performs an in-depth security and privacy analysis of emergent (peer-to-peer) electricity trading markets where individual users (via their smart meters) can trade electricity with other users and market players in a (semi)decentralised manner. Firstly, a high-level overview of future electricity markets is presented,and a comprehensive explanation is offered concerning the evolution of the current (and future) actors regarding their roles. Secondly, business model matrix analysis is deployed to develop and discuss in detail four scenarios based on customers’ information ownership and citizens’ level of involvement. Lastly, an analysis of security and privacy threats is performed which leads to a speciﬁcation of necessary requirements to mitigate such threats. This paper provides and serves as a benchmark for risk assessment and future design of secure peer-to-peer electricity trading markets.

M3 - Conference contribution

BT - Workshop on Decentralized IoT Systems and Security (DISS) 2020, co-located with NDSS 2020

T2 - 26th Annual Network and Distributed System Security Symposium

Y2 - 23 February 2020 through 26 February 2020

ER -

Sharing Economy in Future Electricity Markets: Security and Privacy Analysis

Abstract

Conference

Embargoed Document

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