TY - GEN
T1 - Privacy-Preserving Economic Dispatch in Competitive Electricity Market
AU - Wu, Lei
AU - Li, Jie
N1 - Publisher Copyright:
© 2018 IEEE.
PY - 2018/8/17
Y1 - 2018/8/17
N2 - With the emerging of smart grid techniques, cyber attackers may be able to gain access to critical energy infrastructure data and strategic market participants may be able to identify their rivals' offers or bids. This paper discusses privacy-preserving economic dispatch (ED) in competitive electricity market, in which individual generation companies and load serving entities can mask their actual bidding and physical data using random numbers before submitting to the System Operator. This would avoid potential information leak of critical energy infrastructure and financial data of market participants. The optimal solution to the original ED could be retrieved from the optimal solution of the proposed privacy-preserving ED. Numerical studies show the effectiveness of the proposed privacy-preserving ED while guaranteeing the same optimal solution.
AB - With the emerging of smart grid techniques, cyber attackers may be able to gain access to critical energy infrastructure data and strategic market participants may be able to identify their rivals' offers or bids. This paper discusses privacy-preserving economic dispatch (ED) in competitive electricity market, in which individual generation companies and load serving entities can mask their actual bidding and physical data using random numbers before submitting to the System Operator. This would avoid potential information leak of critical energy infrastructure and financial data of market participants. The optimal solution to the original ED could be retrieved from the optimal solution of the proposed privacy-preserving ED. Numerical studies show the effectiveness of the proposed privacy-preserving ED while guaranteeing the same optimal solution.
KW - Economic dispatch
KW - LMP
KW - privacy-preserving
UR - http://www.scopus.com/inward/record.url?scp=85053189487&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85053189487&partnerID=8YFLogxK
U2 - 10.1109/TDC.2018.8440468
DO - 10.1109/TDC.2018.8440468
M3 - Conference contribution
AN - SCOPUS:85053189487
SN - 9781538655832
T3 - Proceedings of the IEEE Power Engineering Society Transmission and Distribution Conference
BT - 2018 IEEE/PES Transmission and Distribution Conference and Exposition, T and D 2018
T2 - 2018 IEEE/PES Transmission and Distribution Conference and Exposition, T and D 2018
Y2 - 16 April 2018 through 19 April 2018
ER -