Sharing Economy in Future Peer-to-peer Electricity Trading Markets: Security and Privacy Analysis
Mehdi Montakhabi, Akash Madhusudan, Shenja van der Graaf, Aysajan Abidin, Pietr Ballon, Mustafa Mustafa
Abstract
This paper performs business, security and privacy analysis of emergent (peer-to-peer) electricity trading markets where individual users (via smart meters) can trade electricity with other users and market players in a (semi-)decentralised manner. Firstly, a high-level overview of future electricity markets is presented, and a comprehensive explanation is offered concerning the evolution of the current (and future) actors regarding their roles. Secondly, business model matrix analysis is deployed to develop and discuss in detail four scenarios based on customers' information ownership and citizens' level of involvement. Lastly, an analysis of security and privacy threats is performed which leads to a specification of necessary requirements to mitigate such threats. This paper provides and serves as a benchmark for risk assessment and future design of secure peer-to-peer electricity trading markets.