Profit-Oriented False Data Injection on Electricity Market: Reviews, Analyses, and Insights

Zhang, Qiwei; Li, Fangxing; Shi, Qingxin; Tomsovic, Kevin; Sun, Jinyuan; Ren, Lingyu

doi:10.1109/tii.2020.3036104

Profit-Oriented False Data Injection on Electricity Market: Reviews, Analyses, and Insights

Journal Article · Fri Nov 06 00:00:00 EST 2020 · IEEE Transactions on Industrial Informatics

DOI:https://doi.org/10.1109/tii.2020.3036104· OSTI ID:2217181

^[1]; ^[2]; ^[2]; ^[2]; Sun, Jinyuan ^[2]; Ren, Lingyu ^[3]

University of Tennessee, Knoxville, TN (United States); Raytheon Technologies Research Center
University of Tennessee, Knoxville, TN (United States)
Raytheon Technologies Research Center, East Hartford, CT (United States)

The rapid evolution of sensor technologies and communication networks is tightly coupling the cyber and physical layers of power systems. Because a few power grids have fallen victim to cyber intrusions causing unexpected device failure and large-scale power outages, enhancing power system cybersecurity is the utmost focus of power grid development today. Financially, the deregulation of the electricity market opens the gate to profit-oriented cyberattacks. Real-time (RT) market auctions rely heavily on the accuracy of state estimation which is susceptible to cyberattacks. Extensive reviews have been conducted on modern power system cybersecurity. However, the lack of a comprehensive and in-depth review of electricity market attacks prevents independent system operators (ISOs) from systematically analyzing the financial consequences of cyberattacks and limits public awareness of the significant monetary loss. Furthermore, this paper briefly summarizes previous review works and analyzes the two-settlement market design from a cybersecurity perspective. Then the current achievements of electricity market cyberattacks are discussed, and state-of-the-art works are analyzed based on their contributions. Additionally, a few possible improvements and future directions are presented.

View Accepted Manuscript (DOE)

Research Organization:: Raytheon Technologies Research Center, East Hartford, CT (United States)

Sponsoring Organization:: USDOE Office of Cybersecurity, Energy Security, and Emergency Response (CESER)

Grant/Contract Number:: OE0000899

OSTI ID:: 2217181

Alternate ID(s):: OSTI ID: 1850603

Journal Information:: IEEE Transactions on Industrial Informatics, Journal Name: IEEE Transactions on Industrial Informatics Journal Issue: 9 Vol. 17; ISSN 1551-3203

Publisher:: IEEECopyright Statement

Country of Publication:: United States

Language:: English

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Profit-Oriented False Data Injection on Electricity Market: Reviews, Analyses, and Insights

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