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Multi-transaction and carbon-aware strategies for profit-oriented FDIAs on electricity trading systems

Multi-transaction and carbon-aware strategies for profit-oriented FDIAs on electricity trading systems
Multi-transaction and carbon-aware strategies for profit-oriented FDIAs on electricity trading systems
The integration of information systems in energy
markets enhances operational efficiency. However, this integration
introduces cybersecurity risks, particularly profit-orientedfalse-
data-injection-attacks (FDIAs), which aim to cause economic
losses by manipulating energy prices. This paper identifies
two underexplored aspects of profit-oriented FDIA research.
First, existing attack models focus on single virtual transactions
with fixed trading volumes, overlooking the potential of attackers
engaging in a multi-transaction with adjustable volumes. Second,
the transition towards a carbon-aware Locational-Marginal-Price
(LMP) mechanism, driven by low-carbon initiatives, remains
uninvestigated in profit-oriented-FDIA contexts. This paper proposes
a strategic FDIA model to explore attack strategies across
multiple transactions and evaluate the impact of carbon-aware
LMP on FDIA effectiveness. The proposed attack model, evaluated
using the PJM 5-bus system, demonstrates its potential
to cause both economic losses and unintended carbon emissions.
This highlights the urgency of enhancing cybersecurity measures
in the integrated electricity and carbon markets, given evolving
carbon emission regulations.
Feng, Xiaomeng
22a65b28-6daa-4cd4-8cad-4608c412aa08
Aniello, Leonardo
9846e2e4-1303-4b8b-9092-5d8e9bb514c3
Hu, Shiyan
19bb09b2-bf52-4bd7-818a-63e8da474072
Feng, Xiaomeng
22a65b28-6daa-4cd4-8cad-4608c412aa08
Aniello, Leonardo
9846e2e4-1303-4b8b-9092-5d8e9bb514c3
Hu, Shiyan
19bb09b2-bf52-4bd7-818a-63e8da474072

Feng, Xiaomeng, Aniello, Leonardo and Hu, Shiyan (2024) Multi-transaction and carbon-aware strategies for profit-oriented FDIAs on electricity trading systems. 2024 IEEE Power & Energy Society General Meeting, Summit - Seattle Convention Center, Seattle, United States. 21 - 25 Jul 2024. 5 pp . (In Press)

Record type: Conference or Workshop Item (Paper)

Abstract

The integration of information systems in energy
markets enhances operational efficiency. However, this integration
introduces cybersecurity risks, particularly profit-orientedfalse-
data-injection-attacks (FDIAs), which aim to cause economic
losses by manipulating energy prices. This paper identifies
two underexplored aspects of profit-oriented FDIA research.
First, existing attack models focus on single virtual transactions
with fixed trading volumes, overlooking the potential of attackers
engaging in a multi-transaction with adjustable volumes. Second,
the transition towards a carbon-aware Locational-Marginal-Price
(LMP) mechanism, driven by low-carbon initiatives, remains
uninvestigated in profit-oriented-FDIA contexts. This paper proposes
a strategic FDIA model to explore attack strategies across
multiple transactions and evaluate the impact of carbon-aware
LMP on FDIA effectiveness. The proposed attack model, evaluated
using the PJM 5-bus system, demonstrates its potential
to cause both economic losses and unintended carbon emissions.
This highlights the urgency of enhancing cybersecurity measures
in the integrated electricity and carbon markets, given evolving
carbon emission regulations.

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More information

Accepted/In Press date: 21 February 2024
Venue - Dates: 2024 IEEE Power & Energy Society General Meeting, Summit - Seattle Convention Center, Seattle, United States, 2024-07-21 - 2024-07-25

Identifiers

Local EPrints ID: 491167
URI: http://eprints.soton.ac.uk/id/eprint/491167
PURE UUID: ffb89f52-627e-428c-ad7e-2dbd428ede0a
ORCID for Leonardo Aniello: ORCID iD orcid.org/0000-0003-2886-8445

Catalogue record

Date deposited: 13 Jun 2024 17:10
Last modified: 14 Jun 2024 01:53

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Contributors

Author: Xiaomeng Feng
Author: Leonardo Aniello ORCID iD
Author: Shiyan Hu

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