A Review of Cybersecurity Concerns for Transactive Energy Markets

Daniel Sousa-Dias, Daniel Amyot (), Ashkan Rahimi-Kian and John Mylopoulos
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Daniel Sousa-Dias: School of Electrical Engineering and Computer Science, University of Ottawa, Ottawa, ON K1N 6N5, Canada
Daniel Amyot: School of Electrical Engineering and Computer Science, University of Ottawa, Ottawa, ON K1N 6N5, Canada
Ashkan Rahimi-Kian: School of Electrical Engineering and Computer Science, University of Ottawa, Ottawa, ON K1N 6N5, Canada
John Mylopoulos: School of Electrical Engineering and Computer Science, University of Ottawa, Ottawa, ON K1N 6N5, Canada

Energies, 2023, vol. 16, issue 13, 1-32

Abstract: Advances in energy generation and distribution technology have created the need for new power management paradigms. Transactive energy markets are integrated software and hardware systems that enable optimized energy management and direct trading between prosumers. This literature review covers unresolved security and privacy vulnerabilities in the proposed implementations of such markets. We first performed a coarse search for such implementations. We then combed the resulting literature for references to privacy concerns, security vulnerabilities, and attacks that their system was either vulnerable to or sought to address. We did so with a particular focus on threats that were not mitigated by the use of blockchain technology, a commonly employed solution. Based on evidence from 28 peer-reviewed papers, we synthesized 14 categories of concerns and their proposed solutions. We found that there are some concerns that have been widely addressed, such as protecting trading history when using a public blockchain. Conversely, there were serious threats that are not sufficiently being considered. While a lack of real-world deployment has limited information about which attacks are most likely or feasible, there are clear areas of priority that we recommend to address going forward, including market attacks, false data injection attacks, single points of failure, energy usage data leakage, and privacy.

Keywords: blockchain; literature review; power grid; security; smart contract; transactive energy (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
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