Please use this identifier to cite or link to this item: http://localhost/handle/Hannan/628177
Title: Transmission Line Rating Attack in Two-Settlement Electricity Markets
Authors: Hongxing Ye;Yinyin Ge;Xuan Liu;Zuyi Li
subject: False data injection attack|pricing multiplicity|transmission line rating (TLR) attack|two-settlement electricity market
Year: 2016
Publisher: IEEE
Abstract: The potential economic impact of transmission line rating (TLR) attacks in two-settlement electricity markets is studied in this paper. We show that nodal prices in real-time markets can be manipulated via a TLR attack, which can be modeled as a bi-level optimization problem. Several acceleration techniques are developed to reduce the computational burden of solving the bi-level problem. A heuristic strategy is proposed to deal with the issue of multiplicity in pricing. The uncertainties in load are also considered in the proposed TLR model. Numerical simulations demonstrate that well-designed TLR attacks can manipulate the profits of market participants in the two-settlement markets. Benchmark testing shows that the proposed acceleration techniques can reduce computation time tremendously, and the proposed heuristic strategy can mitigate the issue of multiplicity in pricing.
URI: http://localhost/handle/Hannan/180855
http://localhost/handle/Hannan/628177
ISSN: 1949-3053
1949-3061
volume: 7
issue: 3
Appears in Collections:2016

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Title: Transmission Line Rating Attack in Two-Settlement Electricity Markets
Authors: Hongxing Ye;Yinyin Ge;Xuan Liu;Zuyi Li
subject: False data injection attack|pricing multiplicity|transmission line rating (TLR) attack|two-settlement electricity market
Year: 2016
Publisher: IEEE
Abstract: The potential economic impact of transmission line rating (TLR) attacks in two-settlement electricity markets is studied in this paper. We show that nodal prices in real-time markets can be manipulated via a TLR attack, which can be modeled as a bi-level optimization problem. Several acceleration techniques are developed to reduce the computational burden of solving the bi-level problem. A heuristic strategy is proposed to deal with the issue of multiplicity in pricing. The uncertainties in load are also considered in the proposed TLR model. Numerical simulations demonstrate that well-designed TLR attacks can manipulate the profits of market participants in the two-settlement markets. Benchmark testing shows that the proposed acceleration techniques can reduce computation time tremendously, and the proposed heuristic strategy can mitigate the issue of multiplicity in pricing.
URI: http://localhost/handle/Hannan/180855
http://localhost/handle/Hannan/628177
ISSN: 1949-3053
1949-3061
volume: 7
issue: 3
Appears in Collections:2016

Files in This Item:
File Description SizeFormat 
7109165.pdf949.75 kBAdobe PDFThumbnail
Preview File
Title: Transmission Line Rating Attack in Two-Settlement Electricity Markets
Authors: Hongxing Ye;Yinyin Ge;Xuan Liu;Zuyi Li
subject: False data injection attack|pricing multiplicity|transmission line rating (TLR) attack|two-settlement electricity market
Year: 2016
Publisher: IEEE
Abstract: The potential economic impact of transmission line rating (TLR) attacks in two-settlement electricity markets is studied in this paper. We show that nodal prices in real-time markets can be manipulated via a TLR attack, which can be modeled as a bi-level optimization problem. Several acceleration techniques are developed to reduce the computational burden of solving the bi-level problem. A heuristic strategy is proposed to deal with the issue of multiplicity in pricing. The uncertainties in load are also considered in the proposed TLR model. Numerical simulations demonstrate that well-designed TLR attacks can manipulate the profits of market participants in the two-settlement markets. Benchmark testing shows that the proposed acceleration techniques can reduce computation time tremendously, and the proposed heuristic strategy can mitigate the issue of multiplicity in pricing.
URI: http://localhost/handle/Hannan/180855
http://localhost/handle/Hannan/628177
ISSN: 1949-3053
1949-3061
volume: 7
issue: 3
Appears in Collections:2016

Files in This Item:
File Description SizeFormat 
7109165.pdf949.75 kBAdobe PDFThumbnail
Preview File