Sharing Economy in Future Electricity Markets: Security and Privacy Analysis

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

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-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 languageEnglish
Title of host publicationWorkshop on Decentralized IoT Systems and Security (DISS) 2020, co-located with NDSS 2020
Publication statusAccepted/In press - 17 Jan 2020
Event26th Annual Network and Distributed System Security Symposium - San Diego, United States
Duration: 23 Feb 202026 Feb 2020

Conference

Conference26th Annual Network and Distributed System Security Symposium
Abbreviated titleNDSS 2020
Country/TerritoryUnited States
CitySan Diego
Period23/02/2026/02/20

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