Aasim Ullah, S.M. Shahnewaz Siddiquee, Md Akbar Hossain, Sayan Kumar Ray
Data security of present-day power systems, such as the electricity market, has spurred global interest in both industry and academia. The electricity market can either be regulated (state-controlled entrance, policies, and pricing) or deregulated (open for competitors). While the security threats in a deregulated electricity market are commonly known and have been investigated for years, those in a regulated market still have scope for extensive research. Our current work focuses on exploring the data security of the regulated electricity market, and the regulated New Zealand Electricity Market (NZEM) has been considered for this research. Although the chances of cyberattacks on state-controlled regulated electricity market are relatively less, different layers of the current SCADA systems do pose some threats. In this context, we propose a decentralized Ethereum Blockchain-based end-to-end security prototype for a regulated electricity market such as the NZEM. This prototype aims to enhance data security between the different layers of the current SCADA systems. The detailed operation process and features of this prototype are presented in this work. The proposed prototype has prospects of offering improved data security solutions for the regulated electricity market.
Contract-for-Difference financial instruments are available to renewable electricity generators in day-ahead electricity markets to allow them to hedge against revenue risk. Traditional CfDs while designed to hedge revenue risk, introduce other new risks such as counterparty credit, margining and third-party risks. We therefore propose a novel financial instrument - an Ethereum blockchain-based dual escrow smart contract, to serve as the mediator in a CfD agreement between a renewable electricity generator and supplier. This financial instrument addresses hedging related risks that result from traditional CfD agreements in day-ahead electricity markets. In this paper, we design the logic of the financial instrument, translate this logic to smart contract codes and demonstrate its expected performance. Overall, the proposed financial instrument has the benefits of reducing hedging related risks inherent in traditional CfDs. Likewise, it enables secure, efficient, cost-effective, consistent, reliable, transparent and frictionless transactions between contracting parties in a CfD agreement.
In order to ensure the information security, most of the important information including the data of advanced metering infrastructure (AMI) in the energy internet is currently transmitted and exchanged through the intranet or the carrier communication. The former increases the cost of network construction, and the latter is susceptible to interference and attacks in the process of information dissemination. The blockchain is an emerging decentralized architecture and distributed computing paradigm. Under the premise that these nodes do not need mutual trust, the blockchain can implement trusted peer-to-peer communication for protecting the important information by adopting distributed consensus mechanisms, encryption algorithms, point-to-point transmission and smart contracts. In response to the above issues, this paper firstly analyzes the information security problems existing in the energy internet from the four perspectives of system control layer, device access, market transaction and user privacy. Then blockchain technology is introduced, and its working principles and technical characteristics are analyzed. Based on the technical characteristics, we propose the multilevel and multichain information transmission model for the weak centralization of scheduling and the decentralization of transaction. Furthermore, we discuss that the information transmission model helps solve some of the information security issues from the four perspectives of system control, device access, market transaction and user privacy. Application examples are used to illustrate the technical features that benefited from the blockchain for the information security of the energy internet.
Ever since the invention of Bitcoin by the pseudonymous Satashi Nakamoto, cryptocurrency has provoked debate in banking and finance sectors, and is sometimes considered a potential successor to fiat currency. Blockchain, the new technology underpinning decentralised and immutable databases, has seen much discussion as a potentially game-changing development. Although many industries are exploring its value, the technology has thus far made only minor impacts. A rapidly expanding base of research has emerged on blockchain's role as a potential disruptor in the electrical energy industry. However, it may be difficult to distinguish hype from more imminently plausible impacts. This paper attempts to serve as a guide for engineering management wishing to make sense of blockchain's potential in electricity. This is accomplished by formulating a novel blockchain industry disruption framework, which exists across three tiers. These tiers extend from ideas with the least effect on an industry to total revolutionary concepts that could completely transform an industry. This taxonomy is constructed by examining existing research into disruption hierarchies and blockchain classification methods. Through the lens of this taxonomy, a literature review is performed on blockchain's role in energy to draw out themes and ideas characterising each tier. The potential likelihood of real-world application of various ideas are discussed, giving consideration to how established industries may be affected or disrupted. The authors provide some conjecture here. Finally, courses of action are suggested for those whose sector may be affected by blockchain.
Dimitrios Sikeridis, Ali Bidram, Michael Devetsikiotis, Matthew J. Reno
Distribution and transmission protection systems are considered vital parts of modern smart grid ecosystems due to their ability to isolate faulted segments and preserve the operation of critical loads. Current protection schemes increasingly utilize cognitive methods to proactively modify their actions according to extreme power system changes. However, the effectiveness and robustness of these information-driven solutions rely entirely on the integrity, authenticity, and confidentiality of the data and control signals exchanged on the underlying relay communication networks. In this paper, we outline a scalable adaptive protection platform for distribution systems, and introduce a novel blockchain-based distributed network architecture to enhance data exchange security among the smart grid protection relays. The proposed mechanism utilizes a tiered blockchain architecture to counter the current technology limitations providing low latency with better scalability. The decentralized nature removes singular points of failure or contamination, enabling direct secure communication between smart grid relays. We also present a security analysis that demonstrates how the proposed framework prohibits any alterations on the blockchain ledger providing integrity and authenticity of the exchanged data (e.g., realtime measurements/relay settings). Finally, the performance of the proposed approach is evaluated through simulation on a blockchain benchmarking framework with the results demonstrating a promising solution for secure smart grid protection system communication.
The Bitcoin network is burning a large amount of energy for mining. In this paper, we estimate the lower bound for the global mining energy cost for a period of ten years from 2010 to 2020, taking into account changes in energy costs, improvements in hashing technologies and hashing activity. We estimate energy cost for Bitcoin mining using two methods: Brent Crude oil prices as a global standard and regional industrial electricity prices weighted by the share of hashing activity. Despite a ten-billion-fold increase in hashing activity and a ten-million-fold increase in total energy consumption, we find the cost relative to the volume of transactions has not increased nor decreased since 2010. This is consistent with the perspective that, in order to keep the Blockchain system secure from double spending attacks, the proof or work must cost a sizable fraction of the value that can be transferred through the network. We estimate that in the Bitcoin network this fraction is of the order of 1%.
Muhammad Baqer Mollah, Jun Zhao, Dusit Niyato, Kwok‐Yan Lam · 8 authors
Due to the unique features and characteristics of blockchain technology, its applications have expanded across various sectors, including finance, banking, supply chains, and smart grids (SGs). Blockchain ensures security and trust in transactions without requiring a third party, making it particularly valuable in decentralized systems. This paper explores the integration of blockchain technology into SG systems. It begins with a comprehensive review of conventional and smart power grids, identifying the key challenges modern SGs face, particularly issues related to trust and fraud. An in-depth analysis of blockchain technology follows, highlighting its potential, advantages, and defining characteristics. The study then examines several blockchain-based SG applications and provides a comparative analysis of prior research. The findings of this review illuminate the critical role of blockchain in enhancing SG performance by addressing trust and fraud prevention challenges. Furthermore, this research has significant implications for the energy sector, as it underscores the potential of blockchain to revolutionize SGs through increased security, transparency, and efficiency. By providing a foundation for future studies, this paper aims to guide the development of unified blockchain frameworks that address scalability, privacy, and energy management, paving the way for a more secure and efficient decentralized energy system
Madalina-Mihaela Buzau, Javier Tejedor-Aguilera, Pedro Cruz-Romero, Antonio Gómez‐Expósito
Non-technical losses (NTL) in electricity utilities are responsible for major revenue losses. In this paper, we propose a novel end-to-end solution to self-learn the features for detecting anomalies and frauds in smart meters using a hybrid deep neural network. The network is fed with simple raw data, removing the need of handcrafted feature engineering. The proposed architecture consists of a long short-term memory network and a multi-layer perceptrons network. The first network analyses the raw daily energy consumption history whilst the second one integrates non-sequential data such as its contracted power or geographical information. The results show that the hybrid neural network significantly outperforms state-of-the-art classifiers as well as previous deep learning models used in NTL detection. The model has been trained and tested with real smart meter data of Endesa, the largest electricity utility in Spain.
Ali Dorri, Fengji Luo, Salil S. Kanhere, Raja Jurdak · 5 authors
Blockchain is increasingly being used to provide a distributed, secure, trusted, and private framework for energy trading in smart grids. However, existing solutions suffer from a lack of privacy, processing and packet overheads, and reliance on trusted third party (TTP) to secure the trade. To address these challenges, we propose a secure private blockchain (SPB) framework. SPB enables energy producers and consumers to directly negotiate the energy price. To reduce the associated overheads, we propose a routing method which routes packets based on the destination public key (PK). SPB eliminates the reliance on TTP to ensure both energy producer and consumer commit to their obligations by introducing atomic meta-transactions. The latter consists of two transactions: first the consumer generates a CTP transaction, committing to pay the energy price to the producer. On receipt of the energy, the smart meter of the consumer generates an energy receipt confirmation (ERC) which triggers a smart contract to transfer the committed price in CTP to the energy producer. To verify that the ERC is generated by a genuine smart meter, SPB supports authentication of anonymous smart meters to prevent malicious nodes from linking ERC transactions and thus enhance the user privacy. Qualitative security analysis shows the resilience of SPB against a range of attacks. Implementation results demonstrate that SPB reduces monetary cost and delay compared to existing solutions.
In this paper, we propose a secure system design for implementing the minimal-information exchange framework to efficiently provide services; the application of this concept is in the context of electricity services. The information being exchanged is dictated by the Dynamic Monitoring and Decision Systems (DyMonDS) platform, which enables optimal global solutions to be derived even in a largely distributed setting. This capability parallels the increasing number of smart Internet of Things (IoT) devices that allow for a responsive and flexible service. These advancements are aligned in the Secure Blockchain-Enabled DyMonDS design, where a secure communication protocol enables smart embedded devices to communicate with local compute nodes; these compute nodes are connected in a meshed blockchain network, providing information security, integrity, and robustness.
In this manuscript, we investigate the adoption of blockchain for over-the-counter (OTC) electricity wholesale trading under the EU regulatory framework. Our analysis of the core legislation reveals six potential issues: (1) data immutability-related error correction, (2) personal data protection and immutability, (3) access to different data layers, (4) obligation and capacity to report, (5) identification of counterparties and (6) conflict of interest. These six issues were used as basis for a survey with experts in this field from industry and academia. The majority of our respondents indicated four major points: (i) reduction of transaction costs is the main expected benefit, (ii) the application of blockchain can be compliant with the current regulatory framework, (iii) a sandbox is the most welcome regulatory approach to reduce legal uncertainty, and (iv) the first use case to be commercially implemented is expected to be a P2P platform, ahead of a use case focused on post-trade processes. We believe that the results presented in this manuscript might serve as guidance for market participants aiming to enable the development of blockchain.
With the rapid growth of renewable energy resources, energy trading has been shifting from the centralized manner to distributed manner. Blockchain, as a distributed public ledger technology, has been widely adopted in the design of new energy trading schemes. However, there are many challenging issues in blockchain-based energy trading, e.g., low efficiency, high transaction cost, and security and privacy issues. To tackle these challenges, many solutions have been proposed. In this survey, the blockchain-based energy trading in the electrical power system is thoroughly investigated. Firstly, the challenges in blockchain-based energy trading are identified and summarized. Then, the existing energy trading schemes are studied and classified into three categories based on their main focuses: energy transaction, consensus mechanism, and system optimization. Blockchain-based energy trading has been a popular research topic, new blockchain architectures, models and products are continually emerging to overcome the limitations of existing solutions, forming a virtuous circle. The internal combination of different blockchain types and the combination of blockchain with other technologies improve the blockchain-based energy trading system to better satisfy the practical requirements of modern power systems. However, there are still some problems to be solved, for example, the lack of regulatory system, environmental challenges and so on. In the future, we will strive for a better optimized structure and establish a comprehensive security assessment model for blockchain-based energy trading system.
The protection of smart meters (SMs) from cyberattacks is of utmost importance because SMs in advanced metering infrastructure (AMI) are physically unprotected and produce a large amount of sensitive data. Due to scalability, the SMs are small-sized and low-cost devices having low computational capabilities. The algorithms that are designed to complete the security requirements of SMs should be lightweight. To address this issue, this paper proposes a lightweight security solution to address the man-in-the-middle attack, data tempering, and blockchain-based data provenance. Received signal strength indicator (RSSI) is used to generate link fingerprints, which are used along with pseudo-random nonce to secure AMI. The proposed algorithm detects the involvement of adversarial node or meter tempering by computing other values along with 0 and 1 as the average of consecutive RSSI and difference between the RSSI of connected static SMs. Pearson correlation coefficient (ρ) of 0.9102 is achieved when no adversarial node is present in between the connected SMs having mobility in one or both SMs. Negative or approximately equal to zero values of ρ are computed when the adversary is present in the AMI or any of the SM in the AMI is forged. For blockchain-based data provenance, all the hash values of the packet header are 100% matched with the hash functions present at the data concentrator unit (DCU), which shows no adversary's involvement in AMI. For cases when the adversary is in the AMI, hash functions show no match with the hash values present at the DCU.
Open access
Electricity Theft Detection Techniques
Smart Grid Security and Resilience
Physical Unclonable Functions (PUFs) and Hardware Security
Eventhough Ethiopia is investing a lot in electricity generation and infrastructure, the electricity access rate in the country is one of the lowest in Africa mainly due to inadequate expansion of electricity connection in rural areas. The purpose of this study was to assess the key challenges and the prospect of electricity access in the country and to recommend the way forward to address the electricity access gap. This study mainly used secondary data collected from extensively reviewed documents and also interviews with purposely selected experts and officials to substantiate the findings. According to the findings of this research, the electricity access programs of the country were not effective to meet the electricity access gap. The institutional instability of the sector, less attention to decentralized or off-grid electricity access programs ,lack of financing and private sector engagement have been some of the challenges hindering the enhancement of electricity access in the country. Therefore, establishing a long term and stable institutional structure in the electricity sector, strengthening and expanding decentralized (off-grid) electrification programs, setting a cost reflective electricity tariff (both for local and export) for the sector's sustainability and enhancing the private sector engagement are some of the recommendations of this study to reach the universal electricity access targets of the country
This paper considers the design, the developed and the experimental evaluation, a blockchain based smart contract specifying the operating rules of a real time, uniform-price double auction energy market. Producers and consumers interact with this contract sending their offers and bids accordingly and the contract clears the market based on a double auction model. We propose four different approaches for implementing, through the Ethereum platform, both the P2P network as well as the smart contract. We systematically compare the above approaches on the basis of their decentralization nature, operating costs, computational costs, effectiveness, security, privacy and beyond. This comparison is achieved through large scale, real time simulations based on the GridLAB-D platform.
Saide Zhu, Wei Li, Hong Li, Chunqiang Hu · 5 authors
The past three years have seen the rapid increase of Bitcoin difficulty, which has led to a substantial variance in solo mining. As a result, miners tend to join a large open pool to get a more stable reward. Nowadays, mining pools take up over 98% of Bitcoins total computation power. In a sense, this is a manifestation of Bitcoin that tends to be centralized. Thus, researchers have shown an increased interest in pool mining payoff and security. The purpose of this paper is to review and summarize recent research in Bitcoin pool mining system. We first introduce several common reward distribution schemes, and analyze their advantages and disadvantages with some improvement mechanisms; In the second section, to address pool security problems, we examined the practical utility of some existing and potential attack strategies. To study those malicious attack in details, several defense methods are collected. Finally, we make an outlook on Bitcoin future.
Electricity is the commonest commodity for most businesses in our world today. The use of electricity has been a breakthrough for the discovery of new technologies and has become the main driving force behind several innovations. With the introduction of smart grid systems, there have been improvements in how utility companies interact with their customers with regards to electricity use. However, since the readings are done via the Internet, there is the tendency for the data to be compromised when it gets into the hands of the wrong people. Moreover, customers mostly do not know why they pay huge amounts and which appliances use more electricity, since they are not privy to the readings. The sovereign blockchain technology, which provides transparency and provenance, is utilized in this paper to mitigate these above mentioned problems. A smart contract, which executes laid down procedures to provide a trust-based system between participants on the network is also implemented. Our system proves very efficient as the user can monitor how the electricity is used, and it also provides a platform where there is no manipulation from either party.