Mitigating Cyber Vulnerabilities in Local Electricity Markets

41 Pages Posted: 19 Oct 2022

See all articles by Jason Dedrick

Jason Dedrick

Syracuse University

Keli A. Perrin

Syracuse University College of Law

Ehsan Sabaghian

affiliation not provided to SSRN

Peter Wilcoxen

Syracuse University

Abstract

Improved management of the distribution level of the electric grid could allow faster and more reliable deployment of renewable energy sources, better support for electric vehicles, and greater grid resilience. One approach to achieving these benefits is to develop decentralized local electricity markets (LEMs). However, these markets would require changes in information flows that create novel risks and vulnerabilities to cyber attacks. While previous research examines cyber risks to the existing electric grid and other research provides conceptual models of LEMs, there are few studies of cyber risks specific to LEMs. Our is the first study we are aware of that utilizes simulation techniques to quantify the severity of these risks. We find that even unsophisticated attacks could create serious physical or financial risks to the grid and offer recommendations to mitigate those risks.

Keywords: Distributed electricity, Prosumers, Denial-of-Service, Cyber-Physical, Simulation, Cybersecurity

Suggested Citation

Dedrick, Jason and Perrin, Keli A. and Sabaghian, Ehsan and Wilcoxen, Peter, Mitigating Cyber Vulnerabilities in Local Electricity Markets. Available at SSRN: https://ssrn.com/abstract=4252483 or http://dx.doi.org/10.2139/ssrn.4252483

Jason Dedrick (Contact Author)

Syracuse University ( email )

Keli A. Perrin

Syracuse University College of Law ( email )

950 Irving Avenue
Syracuse, NY 13244
United States

Ehsan Sabaghian

affiliation not provided to SSRN ( email )

No Address Available

Peter Wilcoxen

Syracuse University ( email )

426 Eggers Hall
Syracuse, NY 13244-2130
United States

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